Bleakley Financial Group LLC Has $307,000 Stock Position in PBF Energy Inc. (NYSE:PBF)

Bleakley Financial Group LLC lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,980 shares of the oil and gas company’s stock after purchasing an additional 1,260 shares during the quarter. Bleakley Financial Group LLC’s holdings in PBF Energy were worth $307,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of PBF Energy during the 4th quarter worth $73,000. Stratos Wealth Partners LTD. raised its stake in PBF Energy by 19.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,136 shares of the oil and gas company’s stock worth $226,000 after acquiring an additional 853 shares in the last quarter. New York State Teachers Retirement System raised its stake in PBF Energy by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 147,789 shares of the oil and gas company’s stock worth $6,497,000 after acquiring an additional 1,429 shares in the last quarter. Venture Visionary Partners LLC raised its stake in PBF Energy by 8.3% during the fourth quarter. Venture Visionary Partners LLC now owns 10,000 shares of the oil and gas company’s stock worth $440,000 after acquiring an additional 763 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in PBF Energy by 4,296.0% during the fourth quarter. International Assets Investment Management LLC now owns 120,670 shares of the oil and gas company’s stock worth $5,305,000 after acquiring an additional 117,925 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Performance

Shares of PBF stock opened at $58.60 on Tuesday. The business’s 50 day simple moving average is $53.50 and its 200 day simple moving average is $48.20. PBF Energy Inc. has a one year low of $31.25 and a one year high of $62.88. The stock has a market capitalization of $7.01 billion, a PE ratio of 3.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the previous year, the company earned $4.41 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. As a group, research analysts forecast that PBF Energy Inc. will post 6.1 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s payout ratio is presently 6.08%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 12,200 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the purchase, the insider now owns 14,345,198 shares in the company, valued at $629,180,384.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PBF Energy news, insider Control Empresarial De Capital purchased 12,200 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the purchase, the insider now owns 14,345,198 shares in the company, valued at $629,180,384.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at $8,829,813.66. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock worth $10,074,600 over the last ninety days. Insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

PBF has been the subject of several research analyst reports. Scotiabank boosted their target price on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Mizuho downgraded PBF Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Bank of America raised PBF Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $74.00 in a research note on Friday, March 15th. JPMorgan Chase & Co. boosted their target price on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company boosted their price target on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $57.55.

About PBF Energy

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.