Creative Planning Has $824,000 Stock Position in PBF Energy Inc. (NYSE:PBF)

Creative Planning grew its position in shares of PBF Energy Inc. (NYSE:PBF) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,895 shares of the oil and gas company’s stock after acquiring an additional 1,165 shares during the quarter. Creative Planning’s holdings in PBF Energy were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennessy Advisors Inc. increased its holdings in PBF Energy by 18.4% during the 1st quarter. Hennessy Advisors Inc. now owns 578,934 shares of the oil and gas company’s stock worth $33,329,000 after purchasing an additional 89,900 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of 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 valued at $12,008,000 after purchasing an additional 184,426 shares during the period. Acadian Asset Management LLC increased its position in shares of PBF Energy by 4.8% during the first quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company’s stock valued at $60,689,000 after buying an additional 48,525 shares during the period. Magnetar Financial LLC purchased a new stake in PBF Energy in the 1st quarter worth approximately $1,394,000. Finally, Inspire Investing LLC purchased a new stake in shares of PBF Energy in the first quarter worth $905,000. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 307,000 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $39.22 per share, for a total transaction of $12,040,540.00. Following the completion of the transaction, the insider now directly owns 18,079,598 shares of the company’s stock, valued at $709,081,833.56. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have bought 2,952,300 shares of company stock valued at $97,300,026. 5.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of recent analyst reports. Mizuho lowered their target price on shares of PBF Energy from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group dropped their target price on PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Scotiabank cut their price target on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and cut their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.55.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $33.14 on Friday. The company has a market cap of $3.88 billion, a PE ratio of 5.51 and a beta of 1.55. 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 firm’s 50-day moving average price is $33.56 and its 200-day moving average price is $43.51. PBF Energy Inc. has a 52-week low of $30.17 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same period in the prior year, the firm earned $2.29 EPS. PBF Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts anticipate that PBF Energy Inc. will post -0.05 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 16.64%.

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.