Oracle Alpha Inc. Takes Position in PBF Energy Inc. (NYSE:PBF)

Oracle Alpha Inc. bought a new stake in PBF Energy Inc. (NYSE:PBF) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,134 shares of the oil and gas company’s stock, valued at approximately $533,000. PBF Energy accounts for 0.7% of Oracle Alpha Inc.’s holdings, making the stock its 22nd largest holding.

Several other large investors also recently made changes to their positions in PBF. Assenagon Asset Management S.A. acquired a new position in PBF Energy during the fourth quarter worth $1,829,000. Foundry Partners LLC acquired a new stake in shares of PBF Energy in the 4th quarter worth about $3,664,000. Norges Bank acquired a new stake in shares of PBF Energy in the 4th quarter worth about $54,832,000. HITE Hedge Asset Management LLC bought a new position in PBF Energy in the 4th quarter valued at about $3,936,000. Finally, Jump Financial LLC boosted its stake in PBF Energy by 57.0% during the 4th quarter. Jump Financial LLC now owns 25,565 shares of the oil and gas company’s stock valued at $1,124,000 after purchasing an additional 9,284 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital acquired 7,500 shares of the company’s stock in a transaction on Monday, June 10th. The shares were acquired at an average cost of $45.65 per share, with a total value of $342,375.00. Following the completion of the acquisition, the insider now directly owns 14,882,698 shares in the company, valued at $679,395,163.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PBF Energy news, insider Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $45.65 per share, for a total transaction of $342,375.00. Following the purchase, the insider now owns 14,882,698 shares of the company’s stock, valued at $679,395,163.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the sale, the senior vice president now directly owns 110,978 shares in the company, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. In the last 90 days, insiders bought 745,900 shares of company stock valued at $33,443,529. 5.30% of the stock is owned by insiders.

PBF Energy Stock Down 2.2 %

PBF opened at $43.95 on Friday. PBF Energy Inc. has a twelve month low of $38.63 and a twelve month high of $62.88. The company’s 50-day moving average price is $51.43 and its two-hundred day moving average price is $49.33. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 3.04 and a beta of 1.63. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.62 by $0.24. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. The business had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.29 billion. As a group, equities analysts expect that PBF Energy Inc. will post 7.19 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. PBF Energy’s payout ratio is 6.92%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler lowered their price objective on PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday. Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Mizuho lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Scotiabank increased their target price on shares of PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, TD Cowen cut their price target on shares of PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.18.

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.