Xponance Inc. Has $654,000 Position in PBF Energy Inc. (NYSE:PBF)

Xponance Inc. lessened its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 19.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,203 shares of the oil and gas company’s stock after selling 3,354 shares during the period. Xponance Inc.’s holdings in PBF Energy were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 224 shares during the period. Rise Advisors LLC acquired a new stake in PBF Energy in the 1st quarter worth $27,000. National Bank of Canada FI bought a new position in shares of PBF Energy during the 2nd quarter worth about $26,000. Creekmur Asset Management LLC acquired a new position in shares of PBF Energy during the fourth quarter valued at about $29,000. Finally, CWM LLC lifted its stake in shares of 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 during the period. Institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Performance

Shares of NYSE:PBF opened at $31.37 on Monday. The business has a fifty day moving average of $34.86 and a 200-day moving average of $44.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. PBF Energy Inc. has a twelve month low of $30.58 and a twelve month high of $62.88. The firm has a market cap of $3.67 billion, a PE ratio of 2.17 and a beta of 1.56.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. PBF Energy’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts predict that PBF Energy Inc. will post 0.6 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company 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 was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. PBF Energy’s payout ratio is currently 6.92%.

Analyst Upgrades and Downgrades

PBF has been the subject of a number of research reports. Wolfe Research began coverage on PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Scotiabank decreased their target price on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.91.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 307,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $39.22 per share, with a total value of $12,040,540.00. Following the acquisition, the insider now owns 18,079,598 shares of the company’s stock, valued at approximately $709,081,833.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought 2,897,300 shares of company stock valued at $95,603,276 over the last 90 days. 5.30% of the stock is owned by company insiders.

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.