Swiss National Bank Sells 12,500 Shares of PBF Energy Inc. (NYSE:PBF)

Swiss National Bank lessened its stake in shares of PBF Energy Inc. (NYSE:PBF) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,300 shares of the oil and gas company’s stock after selling 12,500 shares during the period. Swiss National Bank owned 0.16% of PBF Energy worth $4,893,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PBF. Quest Partners LLC increased its stake in shares of PBF Energy by 115.1% in the third quarter. Quest Partners LLC now owns 9,459 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 5,061 shares during the period. Advisors Asset Management Inc. increased its position in PBF Energy by 12.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 39,646 shares of the oil and gas company’s stock worth $1,227,000 after buying an additional 4,447 shares during the period. Intech Investment Management LLC lifted its holdings in shares of PBF Energy by 165.9% during the third quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock worth $1,427,000 after buying an additional 28,770 shares during the last quarter. Citigroup Inc. grew its stake in shares of PBF Energy by 30.8% in the third quarter. Citigroup Inc. now owns 158,963 shares of the oil and gas company’s stock worth $4,920,000 after acquiring an additional 37,400 shares during the last quarter. Finally, Hancock Whitney Corp increased its position in PBF Energy by 9.6% during the third quarter. Hancock Whitney Corp now owns 11,030 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 968 shares during the period. 96.29% of the stock is owned by institutional investors.

PBF Energy Trading Down 5.4 %

PBF opened at $19.65 on Tuesday. PBF Energy Inc. has a 1-year low of $18.97 and a 1-year high of $62.88. The stock has a market capitalization of $2.27 billion, a PE ratio of -4.17 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $25.19 and a two-hundred day moving average price of $28.55.

PBF Energy (NYSE:PBF) last issued 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 net margin of 1.61% and a negative return on equity of 7.40%. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. As a group, equities analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.60%. PBF Energy’s payout ratio is currently -23.35%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PBF. Piper Sandler dropped their price objective on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. TD Cowen lowered their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced 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. UBS Group lowered 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 note on Wednesday, February 19th. Finally, Morgan Stanley cut their price target on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, PBF Energy presently has an average rating of “Hold” and an average target price of $27.36.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 155,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the acquisition, the insider now directly owns 30,249,998 shares of the company’s stock, valued at approximately $611,049,959.60. This represents a 0.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 721,000 shares of company stock worth $19,269,600 over the last 90 days. Insiders own 5.30% of the company’s stock.

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.