Stratos Wealth Partners LTD. Purchases 853 Shares of PBF Energy Inc. (NYSE:PBF)

Stratos Wealth Partners LTD. boosted its stake in PBF Energy Inc. (NYSE:PBF) by 19.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,136 shares of the oil and gas company’s stock after acquiring an additional 853 shares during the period. Stratos Wealth Partners LTD.’s holdings in PBF Energy were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its holdings in PBF Energy by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 147,789 shares of the oil and gas company’s stock valued at $6,497,000 after purchasing an additional 1,429 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in PBF Energy by 8.3% in the fourth quarter. Venture Visionary Partners LLC now owns 10,000 shares of the oil and gas company’s stock valued at $440,000 after purchasing an additional 763 shares during the last quarter. International Assets Investment Management LLC increased its holdings in PBF Energy by 4,296.0% in the fourth quarter. International Assets Investment Management LLC now owns 120,670 shares of the oil and gas company’s stock valued at $5,305,000 after purchasing an additional 117,925 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in PBF Energy in the fourth quarter valued at about $1,187,000. Finally, AlphaMark Advisors LLC bought a new stake in PBF Energy in the fourth quarter valued at about $232,000. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In related news, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at $8,829,813.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at $8,829,813.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Control Empresarial De Capital purchased 12,200 shares of PBF Energy stock in a transaction that occurred on Wednesday, January 24th. The shares were bought at an average cost 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 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 three months. Company insiders own 6.20% of the company’s stock.

PBF Energy Stock Down 1.7 %

PBF stock opened at $57.62 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81. The stock has a market capitalization of $6.89 billion, a P/E ratio of 3.50 and a beta of 1.73. The business has a 50-day moving average of $53.66 and a 200-day moving average of $48.23. PBF Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $62.88.

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

PBF Energy Dividend Announcement

The company 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. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. PBF Energy’s dividend payout ratio is currently 6.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PBF shares. Piper Sandler upped their price objective on PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company boosted their target price on PBF Energy from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Bank of America raised PBF Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Scotiabank boosted their target price on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Mizuho cut PBF Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.55.

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.