Signaturefd LLC Buys 664 Shares of PBF Energy Inc. $PBF

Signaturefd LLC raised its stake in shares of PBF Energy Inc. (NYSE:PBF) by 8.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,872 shares of the oil and gas company’s stock after acquiring an additional 664 shares during the period. Signaturefd LLC’s holdings in PBF Energy were worth $192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PBF. Fifth Third Bancorp lifted its stake in PBF Energy by 125.7% during the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 803 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of PBF Energy by 761.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock worth $31,000 after buying an additional 1,248 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of PBF Energy by 194.3% in the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,090 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of PBF Energy in the first quarter worth approximately $35,000. Finally, Neo Ivy Capital Management purchased a new position in shares of PBF Energy in the first quarter worth approximately $37,000. Institutional investors own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In other news, SVP Connor Thomas L. O sold 30,000 shares of PBF Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $34.00, for a total transaction of $1,020,000.00. Following the sale, the senior vice president owned 207,984 shares in the company, valued at $7,071,456. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Trecia M. Canty sold 50,000 shares of PBF Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $34.13, for a total transaction of $1,706,500.00. Following the sale, the senior vice president owned 173,332 shares in the company, valued at approximately $5,915,821.16. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

PBF Energy Price Performance

NYSE PBF opened at $30.14 on Friday. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $34.29. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -3.51 and a beta of 0.85. The company’s 50 day moving average is $26.68 and its two-hundred day moving average is $22.44. The company has a current ratio of 1.31, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.19) by $0.16. The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $6.65 billion. PBF Energy had a negative net margin of 3.24% and a negative return on equity of 17.46%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.54) earnings per share. As a group, research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.6%. PBF Energy’s dividend payout ratio (DPR) is presently -12.81%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PBF. UBS Group raised their price objective on shares of PBF Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Wells Fargo & Company raised their price objective on shares of PBF Energy from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Scotiabank reissued a “sector perform” rating and issued a $25.00 price objective (up previously from $16.00) on shares of PBF Energy in a report on Friday, July 11th. Bank of America raised their price objective on shares of PBF Energy from $16.00 to $21.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler raised their price objective on shares of PBF Energy from $22.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Reduce” and an average target price of $26.38.

About PBF Energy

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.