Signaturefd LLC Reduces Stock Position in PBF Energy Inc. (NYSE:PBF)

Signaturefd LLC lowered its position in shares of PBF Energy Inc. (NYSE:PBF) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,934 shares of the oil and gas company’s stock after selling 1,888 shares during the quarter. Signaturefd LLC’s holdings in PBF Energy were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PBF. AlphaMark Advisors LLC boosted its holdings in shares of PBF Energy by 31.5% during the first quarter. AlphaMark Advisors LLC now owns 6,926 shares of the oil and gas company’s stock valued at $399,000 after acquiring an additional 1,659 shares during the period. State of Michigan Retirement System lifted its holdings in PBF Energy by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 26,700 shares of the oil and gas company’s stock valued at $1,537,000 after acquiring an additional 600 shares during the last quarter. Norden Group LLC acquired a new stake in PBF Energy in the 1st quarter valued at about $212,000. Van ECK Associates Corp raised its holdings in PBF Energy by 763.4% during the 1st quarter. Van ECK Associates Corp now owns 208,586 shares of the oil and gas company’s stock worth $12,008,000 after buying an additional 184,426 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in PBF Energy by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after buying an additional 359 shares during the period. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 287,100 shares of the stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average price of $31.91 per share, with a total value of $9,161,361.00. Following the acquisition, the insider now directly owns 24,751,498 shares in the company, valued at approximately $789,820,301.18. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 4,239,400 shares of company stock valued at $138,211,387. Corporate insiders own 5.30% of the company’s stock.

PBF Energy Stock Up 1.0 %

NYSE:PBF opened at $32.18 on Friday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 5.35 and a beta of 1.55. PBF Energy Inc. has a twelve month low of $30.17 and a twelve month high of $62.88. The stock’s 50 day moving average price is $32.69 and its two-hundred day moving average price is $41.52. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Equities research analysts expect that PBF Energy Inc. will post -2.27 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. PBF Energy’s payout ratio is 16.64%.

Analyst Ratings Changes

PBF has been the topic of a number of research reports. Piper Sandler downgraded PBF Energy from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $47.00 to $25.00 in a report on Friday, September 20th. Tudor Pickering raised PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Wolfe Research began coverage on PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Bank of America began coverage on PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price for the company. Finally, UBS Group dropped their price objective on PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target of $36.09.

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.