Nomura Holdings Inc. Purchases Shares of 269,645 PBF Energy Inc. $PBF

Nomura Holdings Inc. acquired a new position in PBF Energy Inc. (NYSE:PBF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 269,645 shares of the oil and gas company’s stock, valued at approximately $5,843,000. Nomura Holdings Inc. owned about 0.23% of PBF Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PBF. MassMutual Private Wealth & Trust FSB boosted its holdings in PBF Energy by 761.0% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of PBF Energy during the 1st quarter valued at $35,000. UMB Bank n.a. boosted its stake in shares of PBF Energy by 67.2% during the 2nd quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 801 shares in the last quarter. Activest Wealth Management grew its holdings in shares of PBF Energy by 199,900.0% in 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. Finally, SBI Securities Co. Ltd. raised its position in shares of PBF Energy by 66.2% during the second quarter. SBI Securities Co. Ltd. now owns 2,054 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 818 shares during the period. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Stock Down 1.3%

PBF stock opened at $29.96 on Tuesday. The company has a 50 day moving average of $33.43 and a two-hundred day moving average of $28.02. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -6.44 and a beta of 0.42. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. The business had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. PBF Energy’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.50) earnings per share. On average, equities analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, November 14th. PBF Energy’s payout ratio is currently -23.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PBF. Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $38.00 in a research note on Friday. UBS Group lifted their target price on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, December 1st. Scotiabank raised their price objective on shares of PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley set a $27.00 target price on shares of PBF Energy and gave the company an “underweight” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $29.38.

Insiders Place Their Bets

In other news, SVP Trecia M. Canty sold 50,000 shares of the stock in a transaction 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 in the company, valued at $7,315,111.36. This represents a 19.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Steven John Andriola sold 1,048 shares of the firm’s stock in a transaction 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 in the company, valued at $721,295.86. This represents a 4.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 507,045 shares of company stock worth $18,193,421 in the last quarter. Corporate insiders own 6.70% of the company’s stock.

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.