PBF Energy Inc. (NYSE:PBF) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of PBF Energy Inc. (NYSE:PBF) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,836 shares of the oil and gas company’s stock after purchasing an additional 459 shares during the period. Yousif Capital Management LLC’s holdings in PBF Energy were worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PBF. Creative Planning grew its holdings in shares of PBF Energy by 50.3% during the third quarter. Creative Planning now owns 26,898 shares of the oil and gas company’s stock worth $832,000 after buying an additional 9,003 shares during the last quarter. Bfsg LLC boosted its holdings in PBF Energy by 23.5% in the 3rd quarter. Bfsg LLC now owns 7,120 shares of the oil and gas company’s stock valued at $220,000 after purchasing an additional 1,354 shares in the last quarter. nVerses Capital LLC boosted its holdings in PBF Energy by 48.3% in the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 2,800 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in PBF Energy by 105.8% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 43,709 shares of the oil and gas company’s stock valued at $1,353,000 after purchasing an additional 22,470 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,027 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Trading Up 0.1 %

PBF stock opened at $23.24 on Friday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of -8.97 and a beta of 1.60. 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 business has a fifty day simple moving average of $28.28 and a 200-day simple moving average of $31.27. PBF Energy Inc. has a 52 week low of $22.03 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts expect that PBF Energy Inc. will post -3.75 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 4.73%. PBF Energy’s dividend payout ratio (DPR) is -23.35%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PBF. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group cut their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Wells Fargo & Company cut their price objective on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and cut their price objective for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, PBF Energy currently has an average rating of “Hold” and an average target price of $31.18.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital purchased 57,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $31.70 per share, with a total value of $1,806,900.00. Following the transaction, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders acquired 1,968,500 shares of company stock valued at $58,476,810. Company insiders own 5.30% of the company’s stock.

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.