Atria Wealth Solutions Inc. Invests $314,000 in PBF Energy Inc. (NYSE:PBF)

Atria Wealth Solutions Inc. bought a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 7,135 shares of the oil and gas company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of PBF Energy by 39.8% during the third 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 period. Fortitude Family Office LLC purchased a new stake in PBF Energy during the 4th quarter worth $44,000. DekaBank Deutsche Girozentrale acquired a new position in PBF Energy in the 4th quarter worth $73,000. Headlands Technologies LLC acquired a new position in PBF Energy in the 3rd quarter worth $101,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in PBF Energy in the 3rd quarter valued at about $107,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PBF Energy

In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total value 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 approximately $8,958,084.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at approximately $8,958,084.06. The sale 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 firm’s stock in a transaction 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 in the company, valued at $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 in the last ninety days. 6.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PBF shares. Mizuho cut 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. Piper Sandler increased their target price on PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their price target on shares of PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Scotiabank increased their price objective on shares of 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, Citigroup initiated coverage on shares of PBF Energy in a research report on Wednesday, January 24th. They issued a “neutral” rating for the company. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.91.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $51.02 on Wednesday. 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 firm’s 50-day moving average price is $55.20 and its two-hundred day moving average price is $48.99. PBF Energy Inc. has a 52-week low of $32.24 and a 52-week high of $62.88. The stock has a market capitalization of $6.10 billion, a P/E ratio of 3.53 and a beta of 1.73.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results 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 18.49% and a net margin of 4.95%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. During the same period last year, the business posted $4.41 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that PBF Energy Inc. will post 7.75 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

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.