Quest Partners LLC Has $293,000 Stake in PBF Energy Inc. (NYSE:PBF)

Quest Partners LLC lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 115.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,459 shares of the oil and gas company’s stock after acquiring an additional 5,061 shares during the period. Quest Partners LLC’s holdings in PBF Energy were worth $293,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its holdings in PBF Energy by 720.8% during the first quarter. Public Employees Retirement System of Ohio now owns 43,074 shares of the oil and gas company’s stock valued at $2,480,000 after purchasing an additional 37,826 shares during the period. Dakota Wealth Management acquired a new position in PBF Energy during the third quarter valued at approximately $694,000. Janus Henderson Group PLC grew its holdings in PBF Energy by 957.8% during the first quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock valued at $34,811,000 after purchasing an additional 547,509 shares during the period. Symmetry Investments LP acquired a new position in PBF Energy during the second quarter valued at approximately $2,464,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in PBF Energy by 44.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company’s stock valued at $1,839,000 after purchasing an additional 18,173 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Stock Down 0.7 %

PBF stock opened at $31.78 on Tuesday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -12.27 and a beta of 1.56. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The business has a 50 day moving average price of $31.56 and a two-hundred day moving average price of $37.60. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. PBF Energy’s quarterly revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.61 earnings per share. Analysts anticipate that PBF Energy Inc. will post -2.79 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.275 dividend. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.46%. The ex-dividend date is Wednesday, November 13th. PBF Energy’s dividend payout ratio (DPR) is -42.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PBF. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and cut their price target for the company from $42.00 to $35.00 in a research note on Friday, October 4th. TD Cowen cut their price target on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Scotiabank cut their price target on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, PBF Energy has an average rating of “Hold” and an average target price of $34.18.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $31.28 per share, with a total value of $3,128,000.00. Following the acquisition, the insider now directly owns 26,532,498 shares of the company’s stock, valued at $829,936,537.44. This trade represents a 0.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 4,592,400 shares of company stock worth $145,300,797. Company insiders own 6.20% of the company’s stock.

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.