7,537 Shares in PBF Energy Inc. (NYSE:PBF) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of PBF Energy Inc. (NYSE:PBF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,537 shares of the oil and gas company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dakota Wealth Management lifted its stake in shares of PBF Energy by 54.5% during the 4th quarter. Dakota Wealth Management now owns 34,642 shares of the oil and gas company’s stock worth $920,000 after acquiring an additional 12,221 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of PBF Energy by 23.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 41,406 shares of the oil and gas company’s stock worth $1,099,000 after acquiring an additional 7,855 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of PBF Energy during the 4th quarter worth approximately $68,000. FNY Investment Advisers LLC lifted its stake in shares of PBF Energy by 1,484.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 5,627 shares during the last quarter. Finally, West Oak Capital LLC increased its holdings in PBF Energy by 6,069.5% during the 4th quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company’s stock worth $328,000 after purchasing an additional 12,139 shares during the period. 96.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 70,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the purchase, the insider now directly owns 28,884,998 shares in the company, valued at $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 1,968,500 shares of company stock worth $58,476,810 in the last ninety days. 5.30% of the stock is owned by insiders.

PBF Energy Trading Down 12.3 %

Shares of NYSE:PBF opened at $23.33 on Friday. PBF Energy Inc. has a 12-month low of $22.03 and a 12-month high of $62.88. The business’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $31.32. The company has a market capitalization of $2.69 billion, a PE ratio of -9.01 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. As a group, equities research analysts predict that PBF Energy Inc. will post -3.75 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.72%. PBF Energy’s dividend payout ratio (DPR) is -42.47%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $34.00 in a report on Monday, December 9th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Bank of America assumed coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.00.

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.