Jones Financial Companies Lllp Has $168,000 Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Jones Financial Companies Lllp lessened its holdings in PBF Energy Inc. (NYSE:PBF) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,325 shares of the oil and gas company’s stock after selling 492 shares during the period. Jones Financial Companies Lllp’s holdings in PBF Energy were worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of PBF Energy by 391.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after buying an additional 1,226,909 shares during the period. Private Management Group Inc. boosted its position in shares of PBF Energy by 24.6% in the fourth 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 shares of 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 worth $26,717,000 after buying an additional 492,053 shares during the period. Hara Capital LLC boosted its position in shares of 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 buying an additional 43,073 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of PBF Energy by 2,119.6% in the fourth 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. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 70,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the completion of the purchase, the insider now owns 28,884,998 shares of the company’s stock, valued at approximately $738,300,548.88. This trade represents a 0.24 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 1,062,500 shares of company stock worth $28,442,290. Company insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PBF shares. Morgan Stanley cut their price objective on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their price objective on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday. Piper Sandler cut their price objective on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. TD Cowen cut their price objective on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday. Finally, Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.36.

PBF Energy Price Performance

NYSE PBF opened at $20.70 on Friday. PBF Energy Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $62.88. The stock’s 50-day moving average is $25.93 and its two-hundred day moving average is $29.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The firm has a market cap of $2.39 billion, a P/E ratio of -4.39 and a beta of 1.62.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data 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). The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal 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 paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.32%. PBF Energy’s payout ratio is presently -23.35%.

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.