EntryPoint Capital LLC Takes $213,000 Position in PBF Energy Inc. (NYSE:PBF)

EntryPoint Capital LLC purchased a new position in PBF Energy Inc. (NYSE:PBF) in the 4th quarter, HoldingsChannel reports. The firm purchased 8,031 shares of the oil and gas company’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of PBF Energy by 132.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Van ECK Associates Corp raised its holdings in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after buying an additional 392,776 shares during the period. Recurrent Investment Advisors LLC bought a new stake in PBF Energy in the third quarter worth $11,516,000. Hotchkis & Wiley Capital Management LLC purchased a new position in PBF Energy during the third quarter worth $10,506,000. Finally, Private Management Group Inc. increased its position in PBF Energy by 24.6% during the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after acquiring an additional 208,599 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average cost of $29.60 per share, with a total value of $2,960,000.00. Following the completion of the transaction, the insider now owns 29,084,998 shares in the company, valued at approximately $860,915,940.80. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have bought 651,000 shares of company stock worth $17,480,400. Corporate insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD Cowen dropped their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group dropped their target price on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group reduced their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley dropped their price objective on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. reduced their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.36.

PBF Energy Stock Performance

Shares of PBF stock opened at $18.98 on Friday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -4.03 and a beta of 1.62. PBF Energy Inc. has a 52-week low of $18.82 and a 52-week high of $62.88. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $24.28 and its 200 day moving average is $28.21.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is -23.35%.

PBF Energy Company 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.