PBF Energy Inc. (NYSE:PBF) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in PBF Energy Inc. (NYSE:PBF) by 4,296.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 120,670 shares of the oil and gas company’s stock after purchasing an additional 117,925 shares during the period. International Assets Investment Management LLC’s holdings in PBF Energy were worth $5,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in PBF Energy by 39.8% in the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Fortitude Family Office LLC bought a new position in shares of PBF Energy during the 4th quarter worth about $44,000. Farther Finance Advisors LLC boosted its position in shares of PBF Energy by 473.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,210 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 999 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of PBF Energy during the 3rd quarter valued at about $87,000. Finally, Headlands Technologies LLC acquired a new stake in shares of PBF Energy during the 3rd quarter valued at about $101,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital acquired 12,200 shares of the stock in a transaction dated Wednesday, January 24th. The stock was bought at an average price of $43.86 per share, with a total value of $535,092.00. Following the completion of the transaction, the insider now directly owns 14,345,198 shares of the company’s stock, valued at $629,180,384.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at $8,958,084.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Control Empresarial De Capital bought 12,200 shares of PBF Energy stock in a transaction that occurred on Wednesday, January 24th. The shares were acquired at an average price of $43.86 per share, with a total value of $535,092.00. Following the acquisition, the insider now directly owns 14,345,198 shares of the company’s stock, valued at approximately $629,180,384.28. The disclosure for this purchase can be found here. Insiders sold 180,000 shares of company stock valued at $10,074,600 over the last quarter. Corporate insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PBF shares. StockNews.com lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. TD Cowen boosted their price target on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Piper Sandler boosted their price target on shares of PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Finally, Scotiabank boosted their price target on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note 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’s stock. 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 Stock Down 1.9 %

Shares of NYSE:PBF opened at $58.60 on Tuesday. PBF Energy Inc. has a 52 week low of $31.25 and a 52 week high of $62.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The company has a market capitalization of $7.01 billion, a PE ratio of 3.56 and a beta of 1.73. The company has a 50 day moving average price of $53.50 and a two-hundred day moving average price of $48.20.

PBF Energy (NYSE:PBF) last issued 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). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same period in the prior year, the company earned $4.41 EPS. The firm’s revenue was down 15.7% on a year-over-year basis. Analysts forecast that PBF Energy Inc. will post 6.1 earnings per share for the current year.

PBF Energy Dividend Announcement

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 was Wednesday, February 28th. PBF Energy’s dividend payout ratio is 6.08%.

PBF Energy 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.