International Assets Investment Management LLC Purchases 117,925 Shares of PBF Energy Inc. (NYSE:PBF)

International Assets Investment Management LLC boosted its position in shares of PBF Energy Inc. (NYSE:PBF) by 4,296.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in PBF Energy by 39.8% during 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. C M Bidwell & Associates Ltd. lifted its holdings in PBF Energy by 6.7% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 4,875 shares of the oil and gas company’s stock valued at $261,000 after purchasing an additional 305 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in PBF Energy by 0.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 60,077 shares of the oil and gas company’s stock valued at $3,216,000 after purchasing an additional 366 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in PBF Energy by 2.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock valued at $986,000 after purchasing an additional 514 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in PBF Energy by 10.8% during the 4th quarter. Diversified Trust Co now owns 5,464 shares of the oil and gas company’s stock valued at $240,000 after purchasing an additional 532 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

PBF Energy Stock Down 1.6 %

PBF Energy stock opened at $51.02 on Wednesday. The stock has a market capitalization of $6.10 billion, a PE ratio of 3.53 and a beta of 1.73. PBF Energy Inc. has a twelve month low of $32.24 and a twelve month high of $62.88. 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 company has a 50 day moving average of $55.20 and a 200-day moving average of $48.99.

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 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 18.49% and a net margin of 4.95%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.41 EPS. On average, equities research analysts anticipate that PBF Energy Inc. will post 7.75 EPS for the current fiscal year.

PBF Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PBF shares. TD Cowen cut their price target on shares of PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Piper Sandler boosted their target price 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. Scotiabank boosted their target price 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. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Finally, JPMorgan Chase & Co. boosted their target price 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. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.91.

Insider Buying and Selling at PBF Energy

In other PBF Energy 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 value of $2,234,800.00. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. In other news, SVP Connor Thomas L. O sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, 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 filing with the SEC, which is accessible through this link. Also, SVP Paul T. Davis sold 100,000 shares of the firm’s 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 sale, the senior vice president now owns 110,978 shares of the company’s stock, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock worth $10,074,600 over the last quarter. 6.20% of the stock is currently owned by insiders.

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.