Charles Schwab Investment Management Inc. Has $43.79 Million Holdings in PBF Energy Inc. (NYSE:PBF)

Charles Schwab Investment Management Inc. lessened its position in PBF Energy Inc. (NYSE:PBF) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,414,772 shares of the oil and gas company’s stock after selling 6,998 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of PBF Energy worth $43,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PBF. Hsbc Holdings PLC increased its stake in shares of PBF Energy by 246.5% in 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 grew its holdings in PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after buying an additional 347,268 shares during the last quarter. Canada Pension Plan Investment Board increased its position in PBF Energy by 346.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 262,600 shares of the oil and gas company’s stock worth $12,085,000 after buying an additional 203,800 shares during the period. Private Management Group Inc. lifted its holdings in shares of PBF Energy by 27.5% during the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after buying an additional 183,183 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position in shares of PBF Energy by 1,325.7% in the second quarter. HITE Hedge Asset Management LLC now owns 183,540 shares of the oil and gas company’s stock valued at $8,447,000 after acquiring an additional 170,666 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. lowered shares of PBF Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Scotiabank decreased their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Finally, BMO Capital Markets downgraded PBF Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $42.00 to $35.00 in a research report on Friday, October 4th. Five equities 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.18.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average price of $30.93 per share, for a total transaction of $1,237,200.00. Following the transaction, the insider now directly owns 23,407,398 shares of the company’s stock, valued at approximately $723,990,820.14. This trade represents a 0.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 4,649,400 shares of company stock valued at $147,107,697 in the last 90 days. 5.30% of the stock is currently owned by insiders.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $31.49 on Monday. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88. The firm’s 50-day moving average price is $31.43 and its two-hundred day moving average price is $37.12. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -12.16 and a beta of 1.56.

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 return on equity of 2.84% and a negative net margin of 0.84%. The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the company earned $6.61 earnings per share. The firm’s revenue was down 21.9% on a year-over-year basis. On average, equities analysts predict that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.49%. PBF Energy’s dividend payout ratio is -42.47%.

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.