PBF Energy Inc. (NYSE:PBF) Holdings Boosted by Hara Capital LLC

Hara Capital LLC increased its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 549,390 shares of the oil and gas company’s stock after purchasing an additional 43,073 shares during the quarter. PBF Energy makes up 9.5% of Hara Capital LLC’s portfolio, making the stock its biggest holding. Hara Capital LLC’s holdings in PBF Energy were worth $14,586,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PBF Energy by 391.9% in the 3rd 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 acquiring an additional 1,226,909 shares during the last quarter. Private Management Group Inc. increased its holdings 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 purchasing an additional 208,599 shares during the last quarter. BNP Paribas Financial Markets lifted 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 in the last quarter. Van ECK Associates Corp lifted 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 in the last quarter. Finally, Recurrent Investment Advisors LLC bought a new position in PBF Energy during the third quarter valued at approximately $11,516,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Performance

PBF opened at $23.24 on Tuesday. PBF Energy Inc. has a one year low of $22.03 and a one year high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $28.14 and its 200-day moving average price is $31.02.

PBF Energy (NYSE:PBF) last released its 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). The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. On average, sell-side analysts forecast that PBF Energy Inc. will post -3.75 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 4.73%. PBF Energy’s payout ratio is -42.47%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $27.00 to $20.00 in a research note on Friday, December 20th. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.18.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital purchased 409,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00. Following the completion of the acquisition, the insider now owns 27,368,498 shares of the company’s stock, valued at approximately $864,297,166.84. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 1,868,500 shares of company stock valued at $55,348,810 in the last three months. Company insiders own 5.30% of the company’s stock.

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.