Nisa Investment Advisors LLC Sells 525 Shares of PBF Energy Inc. (NYSE:PBF)

Nisa Investment Advisors LLC lessened its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,328 shares of the oil and gas company’s stock after selling 525 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PBF Energy were worth $752,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. grew its holdings in PBF Energy by 3.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 460 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in PBF Energy by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 543 shares during the last quarter. Farther Finance Advisors LLC raised its position in PBF Energy by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 573 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PBF Energy by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock valued at $782,000 after buying an additional 620 shares during the last quarter. Finally, Invst LLC raised its holdings in shares of PBF Energy by 6.2% in the second quarter. Invst LLC now owns 16,554 shares of the oil and gas company’s stock worth $770,000 after buying an additional 965 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and decreased their target price for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. The Goldman Sachs Group cut their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Bank of America initiated coverage on PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective on the stock. Finally, BMO Capital Markets downgraded shares of PBF Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 100,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average price of $29.60 per share, with a total value of $2,960,000.00. Following the completion of the acquisition, the insider now directly owns 29,084,998 shares of the company’s stock, valued at $860,915,940.80. This represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 1,907,500 shares of company stock worth $56,659,860 in the last 90 days. Insiders own 5.30% of the company’s stock.

PBF Energy Stock Down 1.8 %

NYSE:PBF opened at $29.60 on Wednesday. The company’s fifty day moving average price is $29.10 and its 200-day moving average price is $32.16. The firm has a market capitalization of $3.41 billion, a P/E ratio of -11.43 and a beta of 1.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data 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 firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the business earned $6.61 EPS. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that PBF Energy Inc. will post -3.5 EPS for the current 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 paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.72%. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is currently -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.