DekaBank Deutsche Girozentrale Acquires New Stake in PBF Energy Inc. (NYSE:PBF)

DekaBank Deutsche Girozentrale acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,667 shares of the oil and gas company’s stock, valued at approximately $73,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in PBF Energy by 2.4% during the first quarter. BlackRock Inc. now owns 13,857,287 shares of the oil and gas company’s stock valued at $600,852,000 after acquiring an additional 321,654 shares during the last quarter. Vanguard Group Inc. increased its position in PBF Energy by 5.8% during the third quarter. Vanguard Group Inc. now owns 13,175,781 shares of the oil and gas company’s stock valued at $463,260,000 after acquiring an additional 716,698 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in PBF Energy during the fourth quarter valued at $412,454,000. Millennium Management LLC increased its position in PBF Energy by 12.1% during the fourth quarter. Millennium Management LLC now owns 2,626,237 shares of the oil and gas company’s stock valued at $107,098,000 after acquiring an additional 283,113 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in PBF Energy by 14.5% during the first quarter. Geode Capital Management LLC now owns 2,527,383 shares of the oil and gas company’s stock valued at $109,587,000 after acquiring an additional 320,148 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital purchased 12,200 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was bought at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the purchase, the insider now owns 14,345,198 shares in the company, valued at $629,180,384.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Control Empresarial De Capital purchased 12,200 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was bought at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the purchase, the insider now owns 14,345,198 shares in the company, valued at $629,180,384.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul T. Davis sold 100,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the transaction, the senior vice president now directly owns 110,978 shares of the company’s stock, valued at $6,255,829.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,000 shares of company stock valued at $10,074,600. Insiders own 6.20% of the company’s stock.

PBF Energy Stock Performance

NYSE PBF opened at $57.27 on Thursday. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 3.48 and a beta of 1.73. The company has a quick ratio of 0.81, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $53.75 and a 200-day moving average price of $48.29. PBF Energy Inc. has a twelve month low of $31.25 and a twelve month high of $62.88.

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 for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The business’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the company earned $4.41 EPS. As a group, equities research analysts predict that PBF Energy Inc. will post 6.06 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s payout ratio is presently 6.08%.

Wall Street Analysts Forecast Growth

PBF has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Bank of America raised PBF Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $74.00 in a report on Friday, March 15th. Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $58.00 in a report on Friday, March 22nd. Scotiabank boosted their price target on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Citigroup initiated coverage on PBF Energy in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.55.

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.