Simplicity Solutions LLC Acquires 1,260 Shares of PBF Energy Inc. (NYSE:PBF)

Simplicity Solutions LLC raised its holdings in PBF Energy Inc. (NYSE:PBF) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,980 shares of the oil and gas company’s stock after buying an additional 1,260 shares during the quarter. Simplicity Solutions LLC’s holdings in PBF Energy were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PBF. Moneta Group Investment Advisors LLC bought a new stake in shares of PBF Energy in the 4th quarter worth approximately $412,454,000. Norges Bank purchased a new position in shares of PBF Energy in the 4th quarter valued at approximately $43,996,000. Vanguard Group Inc. lifted its stake in shares of PBF Energy by 9.6% in the 1st quarter. Vanguard Group Inc. now owns 12,265,760 shares of the oil and gas company’s stock valued at $298,916,000 after purchasing an additional 1,077,287 shares during the period. Acadian Asset Management LLC lifted its stake in shares of PBF Energy by 1,112.3% in the 3rd quarter. Acadian Asset Management LLC now owns 966,324 shares of the oil and gas company’s stock valued at $51,718,000 after purchasing an additional 886,617 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of PBF Energy by 253.1% in the 1st quarter. AQR Capital Management LLC now owns 1,156,262 shares of the oil and gas company’s stock valued at $49,569,000 after purchasing an additional 828,787 shares during the period. 96.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 12,200 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was bought at an average price of $43.86 per share, with a total value of $535,092.00. Following the completion of the acquisition, the insider now directly owns 14,345,198 shares of the company’s stock, valued at approximately $629,180,384.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Control Empresarial De Capital acquired 12,200 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was bought at an average price of $43.86 per share, with a total value of $535,092.00. Following the completion of the acquisition, the insider now directly owns 14,345,198 shares of the company’s stock, valued at approximately $629,180,384.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the sale, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at approximately $8,829,813.66. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock valued at $10,074,600 over the last 90 days. Company insiders own 5.30% of the company’s stock.

PBF Energy Stock Up 0.8 %

PBF Energy stock opened at $55.91 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 3.40 and a beta of 1.73. The stock has a fifty day simple moving average of $53.86 and a two-hundred day simple moving average of $48.37. PBF Energy Inc. has a 12 month low of $31.25 and a 12 month high of $62.88. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.41 EPS. Equities analysts predict that PBF Energy Inc. will post 7.21 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s payout ratio is currently 6.08%.

Analyst Upgrades and Downgrades

PBF has been the subject of a number of research analyst reports. TD Cowen raised their target price on PBF Energy from $35.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their target price on PBF Energy from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Mizuho cut PBF Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Citigroup began coverage on PBF Energy in a research note on Wednesday, January 24th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.55.

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.