Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,574 Shares of PBF Energy Inc. (NYSE:PBF)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PBF Energy Inc. (NYSE:PBF) by 30.7% in the 4th quarter, HoldingsChannel reports. The firm owned 23,729 shares of the oil and gas company’s stock after purchasing an additional 5,574 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PBF Energy were worth $1,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position 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 valued at $43,000 after purchasing an additional 230 shares during the last quarter. Fortitude Family Office LLC bought a new position in PBF Energy in the 4th quarter valued at $44,000. DekaBank Deutsche Girozentrale bought a new position in PBF Energy in the 4th quarter valued at $73,000. Headlands Technologies LLC bought a new position in PBF Energy in the 3rd quarter valued at $101,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in PBF Energy in the 3rd quarter valued at $107,000. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Mizuho cut PBF Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. TD Cowen lifted their target price on PBF Energy from $35.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Bank of America raised PBF Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Finally, Scotiabank lifted 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. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.55.

Insiders Place Their Bets

In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of PBF Energy stock in a transaction dated 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 transaction, the senior vice president now directly owns 110,978 shares in the company, valued at $6,255,829.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at $8,958,084.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul T. Davis sold 100,000 shares of PBF Energy stock in a transaction dated Monday, March 25th. The stock was 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 owns 110,978 shares in the company, valued at $6,255,829.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,000 shares of company stock worth $10,074,600. Corporate insiders own 5.30% of the company’s stock.

PBF Energy Stock Up 0.5 %

Shares of PBF Energy stock opened at $57.78 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. PBF Energy Inc. has a 12 month low of $31.25 and a 12 month high of $62.88. The business has a fifty day simple moving average of $54.44 and a 200 day simple moving average of $48.75. The stock has a market cap of $6.91 billion, a PE ratio of 3.51 and a beta of 1.73.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The company 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 revenue for the quarter was down 15.7% on a year-over-year basis. During the same period last year, the firm earned $4.41 earnings per share. Research analysts predict that PBF Energy Inc. will post 7.39 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a yield of 1.73%. PBF Energy’s dividend payout ratio is presently 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.