New York State Common Retirement Fund Increases Stock Position in PBF Energy Inc. (NYSE:PBF)

New York State Common Retirement Fund increased its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,239 shares of the oil and gas company’s stock after purchasing an additional 3,000 shares during the period. New York State Common Retirement Fund owned 0.07% of PBF Energy worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock valued at $47,663,000 after acquiring an additional 1,226,909 shares in the last quarter. Private Management Group Inc. boosted its position in PBF Energy by 24.6% during the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after purchasing an additional 208,599 shares in the last quarter. BNP Paribas Financial Markets grew its stake in PBF Energy by 132.6% in the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Hara Capital LLC raised its holdings in PBF Energy by 8.5% in the fourth quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock worth $14,586,000 after purchasing an additional 43,073 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of PBF Energy by 2,119.6% during the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after buying an additional 392,776 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital bought 341,500 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $26.86 per share, for a total transaction of $9,172,690.00. Following the completion of the purchase, the insider now directly owns 28,814,998 shares of the company’s stock, valued at $773,970,846.28. This represents a 1.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,207,500 shares of company stock worth $34,557,290 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PBF. The Goldman Sachs Group cut their price objective 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. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and cut their price target for the stock from $27.00 to $20.00 in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company reduced their target price on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, PBF Energy currently has an average rating of “Hold” and a consensus target price of $29.55.

PBF Energy Stock Down 0.3 %

PBF Energy stock opened at $21.39 on Friday. The business’s 50-day simple moving average is $27.05 and its two-hundred day simple moving average is $30.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The company has a market cap of $2.47 billion, a PE ratio of -4.54 and a beta of 1.60. PBF Energy Inc. has a fifty-two week low of $20.81 and a fifty-two week high of $62.88.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.14%. PBF Energy’s payout ratio is currently -23.35%.

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.