Vanguard Personalized Indexing Management LLC Purchases 3,631 Shares of PBF Energy Inc. $PBF

Vanguard Personalized Indexing Management LLC lifted its position in PBF Energy Inc. (NYSE:PBF) by 21.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,310 shares of the oil and gas company’s stock after purchasing an additional 3,631 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PBF Energy were worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in PBF Energy by 25.0% during the second quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 522 shares during the period. Signaturefd LLC boosted its position in PBF Energy by 8.1% during the second quarter. Signaturefd LLC now owns 8,872 shares of the oil and gas company’s stock valued at $192,000 after buying an additional 664 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in PBF Energy by 2.8% during the first 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 during the period. UMB Bank n.a. boosted its position in PBF Energy by 67.2% during the second quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 801 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in PBF Energy by 54.2% during 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 buying an additional 936 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PBF Energy news, SVP Connor Thomas L. O sold 30,000 shares of the firm’s 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 completion of the transaction, the senior vice president owned 207,984 shares of the company’s stock, valued at approximately $7,071,456. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Trecia M. Canty sold 50,000 shares of the 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. 5.30% of the stock is currently owned by company insiders.

PBF Energy Price Performance

PBF stock opened at $29.53 on Thursday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $34.29. The company has a market cap of $3.42 billion, a P/E ratio of -3.44 and a beta of 0.85. The firm has a 50-day moving average of $28.38 and a 200 day moving average of $23.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the firm earned ($0.54) earnings per share. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, sell-side analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.7%. PBF Energy’s dividend payout ratio (DPR) is currently -12.81%.

Analysts Set New Price Targets

Several research firms have issued reports on PBF. Bank of America upped their price target on shares of PBF Energy from $16.00 to $21.00 and gave the company an “underperform” rating in a research report on Wednesday, September 3rd. UBS Group increased their target price 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. Piper Sandler increased their target price 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. Wells Fargo & Company increased their target price 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. Finally, Mizuho increased their target price on shares of PBF Energy from $23.00 to $26.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $26.75.

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.