PBF Energy Inc. (NYSE:PBF) Holdings Cut by Captrust Financial Advisors

Captrust Financial Advisors decreased its stake in PBF Energy Inc. (NYSE:PBF) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,259 shares of the oil and gas company’s stock after selling 4,014 shares during the quarter. Captrust Financial Advisors’ holdings in PBF Energy were worth $485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. lifted its position in PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after buying an additional 1,272,254 shares in the last quarter. Norges Bank bought a new position in shares of PBF Energy during the 4th quarter valued at $20,896,000. JPMorgan Chase & Co. raised its holdings in shares of PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock valued at $39,628,000 after purchasing an additional 562,287 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after purchasing an additional 392,776 shares in the last quarter. Finally, Private Management Group Inc. raised its holdings in shares of PBF Energy by 24.6% during the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after purchasing an additional 208,599 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Performance

NYSE:PBF opened at $22.35 on Monday. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $51.47. The firm’s fifty day simple moving average is $18.15 and its 200 day simple moving average is $24.42. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.58 billion, a PE ratio of -4.74 and a beta of 0.76.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business’s quarterly revenue was down 18.3% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 annualized dividend and a yield of 4.92%. PBF Energy’s dividend payout ratio is -12.09%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. TD Cowen cut their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. Mizuho raised their price target on shares of PBF Energy from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday, May 13th. The Goldman Sachs Group cut their price target on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Piper Sandler cut their price target on shares of PBF Energy from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Finally, UBS Group upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.91.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 20,000 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $19.09 per share, for a total transaction of $381,800.00. Following the transaction, the insider now directly owns 30,534,998 shares of the company’s stock, valued at approximately $582,913,111.82. This trade represents a 0.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased 331,000 shares of company stock worth $6,075,180 in the last ninety days. Insiders own 5.30% of the company’s stock.

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.