PBF Energy Inc. (NYSE:PBF) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in PBF Energy Inc. (NYSE:PBF) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,836 shares of the oil and gas company’s stock after purchasing an additional 459 shares during the quarter. Yousif Capital Management LLC’s holdings in PBF Energy were worth $1,084,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in 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 worth $47,663,000 after acquiring an additional 1,226,909 shares during the period. BNP Paribas Financial Markets raised its stake in 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 worth $26,717,000 after acquiring an additional 492,053 shares during the period. Private Management Group Inc. raised its stake in PBF Energy by 27.5% during the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after acquiring an additional 183,183 shares during the period. Hara Capital LLC raised its stake in PBF Energy by 28.9% during the third quarter. Hara Capital LLC now owns 506,317 shares of the oil and gas company’s stock worth $15,670,000 after acquiring an additional 113,519 shares during the period. Finally, Recurrent Investment Advisors LLC acquired a new stake in PBF Energy during the third quarter worth about $11,516,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock in a transaction on Monday, November 25th. The stock was bought at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the transaction, the insider now directly owns 26,739,498 shares of the company’s stock, valued at approximately $847,642,086.60. This represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 1,968,500 shares of company stock valued at $58,476,810 over the last quarter. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their price target for the company from $27.00 to $20.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. 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. Finally, Wells Fargo & Company dropped their target price on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.18.

PBF Energy Stock Performance

Shares of PBF stock opened at $23.24 on Friday. PBF Energy Inc. has a 1-year low of $22.03 and a 1-year high of $62.88. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -8.97 and a beta of 1.60. The stock’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $31.27.

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 (EPS) for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. On average, sell-side analysts predict that PBF Energy Inc. will post -3.75 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.73%. PBF Energy’s dividend payout ratio is currently -23.35%.

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.