Farther Finance Advisors LLC Has $57,000 Stake in PBF Energy Inc. $PBF

Farther Finance Advisors LLC boosted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 25.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,609 shares of the oil and gas company’s stock after acquiring an additional 522 shares during the period. Farther Finance Advisors LLC’s holdings in PBF Energy were worth $57,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC increased its position in shares of PBF Energy by 2.8% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 29,589 shares of the oil and gas company’s stock valued at $565,000 after buying an additional 795 shares in the last quarter. UMB Bank n.a. lifted its position in shares of PBF Energy by 67.2% in the second quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 801 shares in the last quarter. Fifth Third Bancorp boosted its holdings in PBF Energy by 125.7% during the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 803 shares during the last quarter. PNC Financial Services Group Inc. grew its position in PBF Energy by 54.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,664 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 936 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in PBF Energy by 43.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 1,000 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Activity at PBF Energy

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

PBF Energy Stock Performance

NYSE:PBF opened at $30.97 on Tuesday. The stock has a 50 day simple moving average of $26.93 and a 200 day simple moving average of $22.58. The stock has a market cap of $3.58 billion, a P/E ratio of -3.61 and a beta of 0.85. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $34.29. 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 posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, topping the consensus estimate of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter last year, the business earned ($0.54) EPS. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on PBF. Scotiabank restated 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. Tudor, Pickering, Holt & Co. cut PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price target for the company. in a research report on Monday, September 15th. Citigroup raised their price target on PBF Energy from $16.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Wells Fargo & Company upped their price objective on PBF Energy from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of PBF Energy in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $25.92.

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.