Bleakley Financial Group LLC Purchases 1,260 Shares of PBF Energy Inc. (NYSE:PBF)

Bleakley Financial Group LLC raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 22.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,980 shares of the oil and gas company’s stock after purchasing an additional 1,260 shares during the quarter. Bleakley Financial Group LLC’s holdings in PBF Energy were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PBF. JPMorgan Chase & Co. increased its stake in PBF Energy by 12.2% during the 1st quarter. JPMorgan Chase & Co. now owns 396,209 shares of the oil and gas company’s stock valued at $9,656,000 after purchasing an additional 43,143 shares in the last quarter. Raymond James & Associates bought a new stake in shares of PBF Energy in the first quarter worth approximately $224,000. MetLife Investment Management LLC grew its stake in shares of PBF Energy by 56.1% in the first quarter. MetLife Investment Management LLC now owns 51,879 shares of the oil and gas company’s stock worth $1,264,000 after acquiring an additional 18,652 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of PBF Energy in the first quarter worth approximately $578,000. Finally, Rhumbline Advisers grew its stake in shares of PBF Energy by 0.3% in the first quarter. Rhumbline Advisers now owns 308,096 shares of the oil and gas company’s stock worth $7,508,000 after acquiring an additional 784 shares during the period. 96.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Paul T. Davis sold 100,000 shares of PBF Energy stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the sale, the senior vice president now owns 110,978 shares in the company, valued at $6,255,829.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now owns 160,338 shares in the company, valued at $8,829,813.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the sale, the senior vice president now owns 110,978 shares in the company, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $10,074,600 over the last quarter. Insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PBF shares. Citigroup started coverage on shares of PBF Energy in a research note on Wednesday, January 24th. They issued a “neutral” rating for the company. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $58.00 in a report on Friday, March 22nd. Scotiabank raised their price objective on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. StockNews.com downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Finally, Wells Fargo & Company lifted their price target on shares of PBF Energy from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, PBF Energy currently has an average rating of “Hold” and a consensus target price of $57.55.

PBF Energy Trading Down 1.9 %

PBF Energy stock opened at $58.60 on Tuesday. The stock has a market cap of $7.01 billion, a P/E ratio of 3.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81. PBF Energy Inc. has a 1 year low of $31.25 and a 1 year high of $62.88. The firm’s 50 day moving average price is $53.50 and its 200-day moving average price is $48.20.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.49). The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 EPS. On average, equities analysts predict that PBF Energy Inc. will post 6.1 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s payout ratio is currently 6.08%.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.