Farther Finance Advisors LLC Lowers Position in PBF Energy Inc. (NYSE:PBF)

Farther Finance Advisors LLC cut its stake in PBF Energy Inc. (NYSE:PBF) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,055 shares of the oil and gas company’s stock after selling 571 shares during the period. Farther Finance Advisors LLC’s holdings in PBF Energy were worth $55,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of PBF Energy by 391.9% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock valued at $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of 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 during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of PBF Energy by 132.6% during 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. Finally, Hara Capital LLC lifted its holdings in shares of PBF Energy by 8.5% during the fourth quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock valued at $14,586,000 after purchasing an additional 43,073 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Trading Down 5.1 %

NYSE:PBF opened at $20.78 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a 12 month low of $18.97 and a 12 month high of $62.88. The company has a market cap of $2.40 billion, a PE ratio of -4.41 and a beta of 1.62. The company has a 50 day simple moving average of $25.39 and a two-hundred day simple moving average of $28.64.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (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 business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. Research analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is -23.35%.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital acquired 40,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $27.47 per share, with a total value of $1,098,800.00. Following the transaction, the insider now directly owns 29,355,998 shares in the company, valued at approximately $806,409,265.06. The trade was a 0.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 721,000 shares of company stock valued at $19,269,600 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PBF. Morgan Stanley lowered their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.36.

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.