PBF Energy Inc. $PBF Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its holdings in PBF Energy Inc. (NYSE:PBF) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,688 shares of the oil and gas company’s stock after purchasing an additional 2,284 shares during the quarter. Yousif Capital Management LLC’s holdings in PBF Energy were worth $968,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of PBF Energy by 170.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company’s stock valued at $109,364,000 after acquiring an additional 3,612,447 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of PBF Energy by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company’s stock valued at $40,504,000 after acquiring an additional 260,464 shares during the period. American Century Companies Inc. boosted its holdings in shares of PBF Energy by 1.7% during the first quarter. American Century Companies Inc. now owns 1,897,910 shares of the oil and gas company’s stock valued at $36,231,000 after acquiring an additional 32,285 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of PBF Energy by 12.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,675,273 shares of the oil and gas company’s stock valued at $31,981,000 after acquiring an additional 182,456 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of PBF Energy by 0.8% during the first quarter. Northern Trust Corp now owns 1,390,455 shares of the oil and gas company’s stock valued at $26,544,000 after acquiring an additional 11,499 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $28.00 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $28.25 and its two-hundred day moving average price is $23.35. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $34.29. The stock has a market cap of $3.24 billion, a PE ratio of -3.26 and a beta of 0.85.

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

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, August 14th. PBF Energy’s payout ratio is presently -12.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PBF. UBS Group boosted their price target on shares of PBF Energy from $28.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Morgan Stanley set a $27.00 price target on shares of PBF Energy and gave the company an “underweight” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. Piper Sandler upped 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. Finally, Bank of America upped 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. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Reduce” and an average target price of $26.17.

Insider Activity

In other PBF Energy news, SVP Connor Thomas L. O sold 30,000 shares of the business’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 owned 207,984 shares in the company, valued at approximately $7,071,456. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trecia M. Canty sold 50,000 shares of the business’s stock in a transaction dated 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 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. 6.70% of the stock is currently owned by insiders.

PBF Energy 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.