Yousif Capital Management LLC Increases Position in PBF Energy Inc. (NYSE:PBF)

Yousif Capital Management LLC increased its holdings in PBF Energy Inc. (NYSE:PBF) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,404 shares of the oil and gas company’s stock after acquiring an additional 1,568 shares during the period. Yousif Capital Management LLC’s holdings in PBF Energy were worth $809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its stake in PBF Energy by 12.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 66,534 shares of the oil and gas company’s stock valued at $1,766,000 after purchasing an additional 7,110 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of PBF Energy by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 78,239 shares of the oil and gas company’s stock worth $2,077,000 after buying an additional 3,000 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PBF Energy in the 4th quarter worth about $299,000. Versor Investments LP bought a new position in PBF Energy during the fourth quarter valued at about $202,000. Finally, Charles Schwab Investment Management Inc. grew its position in PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock valued at $39,634,000 after buying an additional 78,045 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PBF has been the topic of several research reports. TD Cowen lowered their price objective on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Scotiabank decreased their price target on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Piper Sandler lowered 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. UBS Group raised PBF Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average target price of $23.18.

PBF Energy Trading Down 5.1%

NYSE:PBF opened at $23.15 on Friday. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $48.20. The stock’s fifty day moving average price is $19.04 and its two-hundred day moving average price is $22.78. 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 company has a market cap of $2.68 billion, a P/E ratio of -2.54 and a beta of 0.82.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.67% and a negative net margin of 3.30%. The firm’s revenue for the quarter 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. As a group, analysts expect 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 was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, May 15th. PBF Energy’s dividend payout ratio is presently -12.09%.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 110,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of $17.40 per share, for a total transaction of $1,914,000.00. Following the completion of the transaction, the insider now owns 30,696,998 shares of the company’s stock, valued at approximately $534,127,765.20. This represents a 0.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 224,500 shares of company stock valued at $3,816,695. 5.30% of the stock is currently owned by corporate 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.