PBF Energy Inc. $PBF Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 1,273.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,544 shares of the oil and gas company’s stock after acquiring an additional 159,056 shares during the period. SG Americas Securities LLC owned 0.15% of PBF Energy worth $3,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in PBF Energy by 290.9% during the 1st quarter. CWM LLC now owns 5,414 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 4,029 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of PBF Energy by 163.6% during the first quarter. Victory Capital Management Inc. now owns 125,435 shares of the oil and gas company’s stock worth $2,395,000 after buying an additional 77,858 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of PBF Energy during the first quarter worth about $364,000. Readystate Asset Management LP grew its holdings in shares of PBF Energy by 34.5% during the first quarter. Readystate Asset Management LP now owns 19,580 shares of the oil and gas company’s stock worth $374,000 after buying an additional 5,017 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in PBF Energy by 22.5% in the 1st quarter. Cetera Investment Advisers now owns 45,659 shares of the oil and gas company’s stock valued at $872,000 after acquiring an additional 8,378 shares during the period. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PBF. Wall Street Zen raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. The Goldman Sachs Group upped their price target on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group lifted their price objective on shares of PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Tudor Pickering cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. Finally, Piper Sandler raised their target price on shares of PBF Energy from $29.00 to $42.00 and gave the stock an “underweight” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, PBF Energy has a consensus rating of “Strong Sell” and an average price target of $28.92.

PBF Energy Trading Up 4.0%

NYSE:PBF opened at $39.40 on Wednesday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. The stock has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $26.30. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of -8.47 and a beta of 0.79.

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 analysts’ expectations of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.50) EPS. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.8%. PBF Energy’s dividend payout ratio (DPR) is -23.66%.

Insider Activity at PBF Energy

In related news, CAO Steven John Andriola sold 1,048 shares of PBF Energy stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.39, for a total transaction of $36,040.72. Following the completion of the transaction, the chief accounting officer directly owned 20,974 shares of the company’s stock, valued at approximately $721,295.86. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Nimbley sold 250,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.51, for a total value of $8,627,500.00. Following the sale, the director owned 790,716 shares in the company, valued at approximately $27,287,609.16. The trade was a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 507,045 shares of company stock worth $18,193,421. 6.70% of the stock is currently owned by company insiders.

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.