Mutual of America Capital Management LLC Has $1.37 Million Position in PBF Energy Inc. (NYSE:PBF)

Mutual of America Capital Management LLC reduced its stake in PBF Energy Inc. (NYSE:PBF) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,692 shares of the oil and gas company’s stock after selling 2,127 shares during the period. Mutual of America Capital Management LLC’s holdings in PBF Energy were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of PBF Energy by 391.9% in 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 purchasing 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 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock worth $28,071,000 after buying an additional 208,599 shares during the period. BNP Paribas Financial Markets boosted its position in PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after buying an additional 492,053 shares during the period. Hara Capital LLC boosted its position in PBF Energy by 8.5% during the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock worth $14,586,000 after buying an additional 43,073 shares during the period. Finally, Van ECK Associates Corp boosted its position in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after buying an additional 392,776 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PBF. UBS Group cut their target price on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. 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. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and lowered their price target for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Finally, Piper Sandler lowered their price target on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy has an average rating of “Hold” and a consensus price target of $29.36.

PBF Energy Stock Performance

NYSE:PBF opened at $21.26 on Friday. The company has a fifty day moving average of $26.55 and a 200-day moving average of $29.55. The firm has a market capitalization of $2.45 billion, a P/E ratio of -4.51 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a twelve month low of $18.97 and a twelve month high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings data 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). The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business 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 is Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.17%. PBF Energy’s dividend payout ratio is currently -23.35%.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital purchased 341,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $26.86 per share, for a total transaction of $9,172,690.00. Following the purchase, the insider now owns 28,814,998 shares of the company’s stock, valued at $773,970,846.28. This trade represents a 1.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 1,062,500 shares of company stock worth $28,442,290 in the last quarter. 5.30% of the stock is owned by corporate insiders.

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.