Vanguard Group Inc. Has $237.81 Million Holdings in PBF Energy Inc. $PBF

Vanguard Group Inc. decreased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,768,869 shares of the oil and gas company’s stock after selling 14,063 shares during the quarter. Vanguard Group Inc. owned about 7.57% of PBF Energy worth $237,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC grew its holdings in PBF Energy by 230.7% in the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after purchasing an additional 1,454,500 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock valued at $36,577,000 after purchasing an additional 1,159,628 shares in the last quarter. BNP Paribas Financial Markets increased its stake in PBF Energy by 276.2% in the second quarter. BNP Paribas Financial Markets now owns 1,028,799 shares of the oil and gas company’s stock valued at $22,294,000 after purchasing an additional 755,310 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of PBF Energy during the third quarter valued at about $11,605,000. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Wall Street Zen lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Scotiabank upped their price target on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets increased their price target on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Finally, Citigroup raised their price objective on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $35.92.

PBF Energy Trading Up 0.3%

Shares of PBF Energy stock opened at $40.71 on Friday. The company has a market capitalization of $4.76 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.17 and a beta of 0.15. The stock has a fifty day simple moving average of $43.05 and a 200 day simple moving average of $36.29. PBF Energy Inc. has a 12-month low of $17.53 and a 12-month high of $52.18. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.53) earnings per share. On average, sell-side analysts anticipate that PBF Energy Inc. will post 6.21 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Trending Headlines about PBF Energy

Here are the key news stories impacting PBF Energy this week:

• Negative Sentiment: A fire and explosion were reported at PBF Energy’s Chalmette refinery in Louisiana, creating uncertainty about operational disruption and potential financial impact. Reformer heater explodes at PBF Louisiana refinery, sources say
• Negative Sentiment: Reports of a blast and fire at the Chalmette site suggest possible short-term refinery shutdowns or reduced throughput, which could weigh on earnings expectations. Explosion and fire rock Chalmette refinery. No injuries reported, but blast felt miles away.
• Neutral Sentiment: Analysts also published general commentary on PBF Energy alongside other energy names, but this appears to be routine market coverage rather than a company-specific catalyst. Analysts Offer Insights on Energy Companies: Parex Resources (OtherPARXF), PBF Energy (PBF) and Vermilion Energy (VET)
• Neutral Sentiment: One report highlighted PBF Energy as a strong momentum stock, but this is more of a screening/ratings note than a fresh fundamental catalyst. Here’s Why PBF Energy (PBF) is a Strong Momentum Stock
• Neutral Sentiment: A shareholder reportedly sold 220,000 shares of PBF Energy stock, but the filing alone does not necessarily indicate a major change in the business outlook. Control Empresarial De Capital Sells 220,000 Shares of PBF Energy (NYSE:PBF) Stock

Insider Buying and Selling at PBF Energy

In other PBF Energy news, Director Thomas J. Nimbley sold 50,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $50.62, for a total transaction of $2,531,000.00. Following the transaction, the director owned 790,716 shares of the company’s stock, valued at $40,026,043.92. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Control Empresarial De Capital sold 220,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total value of $10,100,200.00. Following the completion of the transaction, the insider owned 18,468,698 shares in the company, valued at $847,897,925.18. The trade was a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 10,601,425 shares of company stock worth $478,578,331. Insiders own 5.50% of the company’s stock.

PBF Energy Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.