Point72 Asia Singapore Pte. Ltd. Sells 4,211 Shares of PBF Energy Inc. (NYSE:PBF)

Point72 Asia Singapore Pte. Ltd. lowered its position in PBF Energy Inc. (NYSE:PBF) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,269 shares of the oil and gas company’s stock after selling 4,211 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in PBF Energy were worth $326,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. raised its stake in shares of PBF Energy by 2.6% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 364 shares in the last quarter. Yousif Capital Management LLC increased its holdings in PBF Energy by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock valued at $1,084,000 after buying an additional 459 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of PBF Energy by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 72,672 shares of the oil and gas company’s stock valued at $1,931,000 after buying an additional 480 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of PBF Energy by 28.2% during the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 585 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 20,000 shares of the company’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $19.09 per share, with a total value of $381,800.00. Following the acquisition, the insider now owns 30,534,998 shares of the company’s stock, valued at $582,913,111.82. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have bought 331,000 shares of company stock valued at $6,075,180. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Stock Down 2.2%

Shares of NYSE PBF opened at $22.35 on Friday. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $51.63. The firm’s 50-day simple moving average is $18.10 and its 200 day simple moving average is $24.52. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -4.75 and a beta of 0.76.

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

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.92%. The ex-dividend date is Thursday, May 15th. PBF Energy’s dividend payout ratio (DPR) is presently -12.09%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PBF. Piper Sandler cut their price target on shares of PBF Energy from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. Morgan Stanley dropped their target price on PBF Energy from $28.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. UBS Group upgraded PBF Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $26.00 in a research report on Tuesday. Scotiabank lowered their price target 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. Finally, The Goldman Sachs Group dropped their price objective on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average price target of $22.91.

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.