AQR Capital Management LLC Purchases 140,804 Shares of PBF Energy Inc. (NYSE:PBF)

AQR Capital Management LLC boosted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 27.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 654,093 shares of the oil and gas company’s stock after acquiring an additional 140,804 shares during the period. AQR Capital Management LLC owned approximately 0.57% of PBF Energy worth $17,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBF. Northern Trust Corp lifted its holdings in shares of PBF Energy by 3.8% during the 4th quarter. Northern Trust Corp now owns 1,378,956 shares of the oil and gas company’s stock valued at $36,611,000 after purchasing an additional 50,541 shares in the last quarter. Aquatic Capital Management LLC bought a new position in PBF Energy in the fourth quarter valued at approximately $2,344,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of PBF Energy during the fourth quarter worth $3,753,000. Dauntless Investment Group LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $296,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after acquiring an additional 1,272,254 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Price Performance

Shares of NYSE PBF opened at $17.53 on Monday. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $52.90. The company has a market cap of $2.02 billion, a PE ratio of -3.72 and a beta of 0.76. The business’s 50 day moving average price is $18.20 and its two-hundred day moving average price is $25.17. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.50) by $0.41. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was down 18.3% on a year-over-year basis. On average, analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy’s payout ratio is -12.09%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital acquired 150,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of $28.70 per share, with a total value of $4,305,000.00. Following the acquisition, the insider now directly owns 29,505,998 shares in the company, valued at $846,822,142.60. This represents a 0.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 481,000 shares of company stock worth $10,380,180. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Scotiabank dropped their target price on PBF Energy from $25.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. UBS Group decreased their price target on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. TD Cowen cut their price objective on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley decreased their target price on shares of PBF Energy from $28.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.82.

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.