International Assets Investment Management LLC Has $650,000 Stock Position in PBF Energy Inc. (NYSE:PBF)

International Assets Investment Management LLC grew its position in PBF Energy Inc. (NYSE:PBF) by 539.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,118 shares of the oil and gas company’s stock after buying an additional 16,973 shares during the quarter. International Assets Investment Management LLC’s holdings in PBF Energy were worth $650,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PBF. Janus Henderson Group PLC boosted its holdings in shares of PBF Energy by 957.8% during the first quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock worth $34,811,000 after purchasing an additional 547,509 shares during the period. SG Americas Securities LLC boosted its holdings in shares of PBF Energy by 14,785.7% during the first quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock worth $31,262,000 after purchasing an additional 539,381 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of PBF Energy by 246.5% during the second quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock worth $22,881,000 after purchasing an additional 355,329 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of PBF Energy by 32.9% during the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after purchasing an additional 347,268 shares during the period. Finally, Natixis acquired a new stake in shares of PBF Energy during the first quarter worth approximately $16,269,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $28.66 per share, with a total value of $4,299,000.00. Following the completion of the transaction, the insider now owns 26,112,498 shares of the company’s stock, valued at $748,384,192.68. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 4,407,400 shares of company stock valued at $139,761,347. 6.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on PBF shares. Wolfe Research started coverage on shares of PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Morgan Stanley reduced their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Bank of America started coverage on shares of PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Finally, Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.18.

PBF Energy Trading Up 1.7 %

NYSE:PBF opened at $28.84 on Wednesday. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -11.14 and a beta of 1.56. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $31.98 and its 200-day moving average is $39.86.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business earned $6.61 EPS. The company’s revenue for the quarter was down 21.9% compared to the same quarter last year. Equities analysts anticipate that PBF Energy Inc. will post -2.32 EPS for the current year.

PBF Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.81%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

About PBF Energy

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.