XTX Topco Ltd Has $304,000 Stock Holdings in PBF Energy Inc. (NYSE:PBF)

XTX Topco Ltd reduced its stake in PBF Energy Inc. (NYSE:PBF) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,438 shares of the oil and gas company’s stock after selling 34,291 shares during the period. XTX Topco Ltd’s holdings in PBF Energy were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBF. Tidal Investments LLC acquired a new position in PBF Energy during the 3rd quarter worth approximately $1,642,000. B. Riley Wealth Advisors Inc. grew its position in PBF Energy by 35.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company’s stock valued at $1,801,000 after purchasing an additional 14,892 shares during the period. Fortitude Family Office LLC increased its stake in PBF Energy by 968.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. West Oak Capital LLC raised its holdings in PBF Energy by 6,069.5% during the fourth quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company’s stock worth $328,000 after buying an additional 12,139 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of PBF Energy by 1,484.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 5,627 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital bought 46,000 shares of the stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $29.70 per share, with a total value of $1,366,200.00. Following the acquisition, the insider now directly owns 29,190,998 shares of the company’s stock, valued at $866,972,640.60. The trade was a 0.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 627,000 shares of company stock valued at $14,602,580 over the last quarter. Company insiders own 6.70% of the company’s stock.

PBF Energy Price Performance

PBF Energy stock opened at $16.06 on Friday. The business’s 50 day simple moving average is $18.99 and its 200 day simple moving average is $25.92. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $58.17. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -3.41 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

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

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 6.85%. PBF Energy’s payout ratio is -23.35%.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of PBF Energy from $28.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price target on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. UBS Group dropped their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler lowered their target price on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Seven investment 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 currently has an average rating of “Hold” and an average target price of $23.45.

About PBF Energy

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.