Cetera Investment Advisers Acquires 22,607 Shares of PBF Energy Inc. $PBF

Cetera Investment Advisers raised its holdings in PBF Energy Inc. (NYSE:PBF) by 49.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,266 shares of the oil and gas company’s stock after purchasing an additional 22,607 shares during the quarter. Cetera Investment Advisers owned approximately 0.06% of PBF Energy worth $1,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $31,000 after buying an additional 1,248 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in PBF Energy during the 1st quarter worth about $35,000. Activest Wealth Management grew its holdings in PBF Energy by 199,900.0% during the 1st quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 1,999 shares during the last quarter. UMB Bank n.a. increased its position in PBF Energy by 67.2% in the 2nd quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 801 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of PBF Energy by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 2,054 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 818 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price target on the stock. in a research note on Monday, September 15th. Mizuho upped their price objective on PBF Energy from $23.00 to $26.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. Morgan Stanley set a $27.00 target price on PBF Energy and gave the company an “underweight” rating in a research note on Friday, October 3rd. The Goldman Sachs Group boosted their target price on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen raised their price target on PBF Energy from $22.00 to $25.00 and gave the company a “sell” rating in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and an average price target of $28.92.

Insiders Place Their Bets

In related news, CAO Steven John Andriola sold 1,048 shares of PBF Energy stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.39, for a total transaction of $36,040.72. Following the transaction, the chief accounting officer owned 20,974 shares of the company’s stock, valued at $721,295.86. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Trecia M. Canty sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $36.44, for a total transaction of $1,822,000.00. Following the transaction, the senior vice president owned 200,744 shares of the company’s stock, valued at approximately $7,315,111.36. This represents a 19.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 507,045 shares of company stock worth $18,193,421 over the last ninety days. Company insiders own 6.70% of the company’s stock.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $34.68 on Tuesday. The firm has a fifty day moving average of $33.25 and a two-hundred day moving average of $27.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of -7.46 and a beta of 0.42. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.50) earnings per share. As a group, equities research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.2%. PBF Energy’s dividend payout ratio is -23.66%.

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.