11,474 Shares of PBF Energy Inc. $PBF Bought by True Freedom Investing LLC

True Freedom Investing LLC bought a new stake in PBF Energy Inc. (NYSE:PBF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,474 shares of the oil and gas company’s stock, valued at approximately $883,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PBF. Dimensional Fund Advisors LP lifted its position in shares of PBF Energy by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after buying an additional 454,731 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in PBF Energy by 54.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after purchasing an additional 1,137,533 shares during the period. Sei Investments Co. boosted its position in PBF Energy by 41.4% during the first quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company’s stock worth $17,367,000 after purchasing an additional 106,819 shares during the period. Empowered Funds LLC increased its holdings in shares of PBF Energy by 198.0% in the first quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company’s stock valued at $16,944,000 after purchasing an additional 236,418 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of PBF Energy by 361.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 189,148 shares of the oil and gas company’s stock valued at $8,718,000 after purchasing an additional 148,124 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Trading Down 0.2%

PBF stock opened at $77.83 on Monday. PBF Energy Inc. has a 52 week low of $25.62 and a 52 week high of $92.46. The company has a market capitalization of $9.23 billion, a PE ratio of 3.48, a price-to-earnings-growth ratio of 0.09 and a beta of 0.18. The company’s 50-day simple moving average is $77.37 and its 200 day simple moving average is $53.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.96 and a current ratio of 1.59.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.12 by $1.66. PBF Energy had a net margin of 6.98% and a return on equity of 34.92%. The firm had revenue of $12.13 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business posted ($0.52) EPS. The business’s revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that PBF Energy Inc. will post 24.77 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.3250 per share. This is a boost from PBF Energy’s previous quarterly dividend of $0.2750. The ex-dividend date is Thursday, November 12th. This represents a $1.30 dividend on an annualized basis and a yield of 1.7%. PBF Energy’s dividend payout ratio is 5.81%.

Insider Buying and Selling

In related news, SVP Trecia M. Canty sold 140,320 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $71.00, for a total transaction of $9,962,720.00. Following the sale, the senior vice president owned 191,779 shares in the company, valued at approximately $13,616,309. This trade represents a 42.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew C. Lucey sold 142,364 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $73.50, for a total transaction of $10,463,754.00. Following the transaction, the chief executive officer owned 495,771 shares of the company’s stock, valued at approximately $36,439,168.50. This represents a 22.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,938,006 shares of company stock worth $219,220,509 in the last quarter. Insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PBF shares. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Citigroup increased their price target on shares of PBF Energy from $74.00 to $91.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Finally, Evercore started coverage on shares of PBF Energy in a research report on Friday, July 17th. They set an “in-line” rating and a $58.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus target price of $70.91.

PBF Energy Profile

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.