PBF Energy Inc. (NYSE:PBF) Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC raised its stake in PBF Energy Inc. (NYSE:PBF) by 1,484.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,006 shares of the oil and gas company’s stock after purchasing an additional 5,627 shares during the quarter. FNY Investment Advisers LLC’s holdings in PBF Energy were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of 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 worth $31,000 after purchasing an additional 1,056 shares during the period. Quarry LP acquired a new position in PBF Energy during the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy during the third quarter worth approximately $59,000. Blue Trust Inc. increased its position in shares of PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 2,027 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of PBF Energy by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 573 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PBF shares. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. BMO Capital Markets downgraded PBF Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $42.00 to $35.00 in a research report on Friday, October 4th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Piper Sandler cut PBF Energy from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the transaction, the insider now owns 28,884,998 shares in the company, valued at $738,300,548.88. This represents a 0.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 2,369,600 shares of company stock worth $71,070,721. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Trading Up 0.9 %

PBF opened at $29.69 on Wednesday. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The stock has a market capitalization of $3.42 billion, a PE ratio of -11.46 and a beta of 1.61. The firm’s fifty day moving average price is $29.15 and its 200 day moving average price is $32.99.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter last year, the company posted $6.61 EPS. As a group, research analysts expect that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

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.