PBF Energy Inc. (NYSE:PBF) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in PBF Energy Inc. (NYSE:PBF) by 2,703.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,144 shares of the oil and gas company’s stock after acquiring an additional 21,354 shares during the quarter. GAMMA Investing LLC’s holdings in PBF Energy were worth $423,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of PBF Energy by 783.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company’s stock worth $84,000 after purchasing an additional 2,804 shares during the period. Covestor Ltd lifted its holdings in shares of PBF Energy by 36.3% during the fourth quarter. Covestor Ltd now owns 3,788 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 1,008 shares during the period. Quantessence Capital LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $201,000. Finally, Versor Investments LP acquired a new stake in shares of PBF Energy during the fourth quarter worth $202,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 48,500 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $17.99 per share, with a total value of $872,515.00. Following the transaction, the insider now directly owns 30,823,498 shares in the company, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 224,500 shares of company stock valued at $3,816,695. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. TD Cowen cut their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, March 11th. Piper Sandler cut their price target on PBF Energy from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on PBF Energy from $28.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.18.

PBF Energy Stock Down 5.1%

PBF opened at $23.15 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.52. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -2.54 and a beta of 0.82. The business has a 50-day moving average of $19.04 and a two-hundred day moving average of $22.78. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $48.20.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, beating the consensus estimate of ($3.50) by $0.41. The business had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 15.67% and a negative net margin of 3.30%. The company’s revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.75%. The ex-dividend date was Thursday, May 15th. PBF Energy’s dividend payout ratio (DPR) is presently -12.09%.

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.