5,984 Shares in PBF Energy Inc. (NYSE:PBF) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in PBF Energy Inc. (NYSE:PBF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,984 shares of the oil and gas company’s stock, valued at approximately $275,000.

Other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its holdings in shares of PBF Energy by 10.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC lifted its stake in PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of PBF Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock valued at $7,863,000 after acquiring an additional 359 shares during the period. US Bancorp DE grew its position in shares of PBF Energy by 5.3% during the first quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 395 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of PBF Energy during the first quarter worth approximately $27,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Stock Up 2.2 %

PBF Energy stock opened at $31.35 on Friday. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $45.18. The company has a market cap of $3.72 billion, a PE ratio of 2.17 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. PBF Energy Inc. has a 1-year low of $30.58 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. On average, sell-side analysts predict that PBF Energy Inc. will post 0.6 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $35.60 per share, with a total value of $1,780,000.00. Following the completion of the acquisition, the insider now owns 18,179,598 shares in the company, valued at approximately $647,193,688.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 2,897,300 shares of company stock valued at $95,603,276 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PBF. JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company decreased their target price on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Wolfe Research assumed coverage on PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Mizuho reduced their price objective on PBF Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Morgan Stanley lowered their target price on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, PBF Energy currently has an average rating of “Hold” and an average target price of $47.91.

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.