PBF Energy Inc. (NYSE:PBF) Shares Acquired by Bokf Na

Bokf Na increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 113.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,387 shares of the oil and gas company’s stock after acquiring an additional 5,516 shares during the period. Bokf Na’s holdings in PBF Energy were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 224 shares in the last quarter. National Bank of Canada FI purchased a new stake in PBF Energy during the second quarter worth $26,000. Rise Advisors LLC acquired a new stake in PBF Energy during the first quarter valued at $27,000. Creekmur Asset Management LLC purchased a new position in PBF Energy in the fourth quarter valued at $29,000. Finally, CWM LLC increased its holdings in PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital purchased 140,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of $45.73 per share, for a total transaction of $6,402,200.00. Following the acquisition, the insider now directly owns 17,772,598 shares of the company’s stock, valued at $812,740,906.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 3,049,500 shares of company stock worth $109,399,914 in the last ninety days. 5.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PBF. The Goldman Sachs Group dropped their target price on PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, July 1st. Tudor, Pickering, Holt & Co. lowered PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Scotiabank reduced their target price on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research initiated coverage on shares of PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PBF Energy currently has an average rating of “Hold” and a consensus target price of $49.91.

PBF Energy Price Performance

Shares of NYSE PBF opened at $32.52 on Tuesday. The firm has a 50-day simple moving average of $36.31 and a 200-day simple moving average of $45.98. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 2.25 and a beta of 1.56. PBF Energy Inc. has a 52 week low of $30.61 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The business had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. On average, equities analysts predict that PBF Energy Inc. will post 1.25 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is currently 6.92%.

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.