20,307 Shares in PBF Energy Inc. $PBF Purchased by Havemeyer Place LP

Havemeyer Place LP bought a new position in shares of PBF Energy Inc. (NYSE:PBF) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 20,307 shares of the oil and gas company’s stock, valued at approximately $551,000.

Several other institutional investors also recently bought and sold shares of PBF. Smartleaf Asset Management LLC raised its position in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. Torren Management LLC purchased a new stake in shares of PBF Energy in the fourth quarter valued at approximately $30,000. Hantz Financial Services Inc. increased its position in shares of PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 912 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of PBF Energy in the fourth quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC increased its position in shares of PBF Energy by 3,354.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 2,147 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut PBF Energy from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Scotiabank boosted their price objective on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Morgan Stanley boosted their price objective on PBF Energy from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Piper Sandler boosted their price objective on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $36.15.

PBF Energy Stock Down 4.9%

Shares of PBF opened at $40.31 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. PBF Energy Inc. has a one year low of $19.47 and a one year high of $52.18. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.16 and a beta of 0.12. The stock has a 50 day moving average price of $41.96 and a 200 day moving average price of $37.25.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the previous year, the firm posted ($3.53) earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that PBF Energy Inc. will post 6.7 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, May 14th. PBF Energy’s payout ratio is presently 29.65%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 1,100,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the transaction, the insider owned 22,996,898 shares of the company’s stock, valued at approximately $1,062,686,656.58. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 7,582,425 shares of company stock worth $358,083,629 over the last quarter. Insiders own 5.50% of the company’s stock.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.