Versor Investments LP Takes $202,000 Position in PBF Energy Inc. (NYSE:PBF)

Versor Investments LP bought a new position in shares of PBF Energy Inc. (NYSE:PBF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,600 shares of the oil and gas company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PBF. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of 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. Private Management Group Inc. boosted its stake in PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after purchasing an additional 208,599 shares during the period. BNP Paribas Financial Markets boosted its stake in PBF Energy by 132.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the period. Hara Capital LLC grew its holdings in PBF Energy by 8.5% in the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock valued at $14,586,000 after buying an additional 43,073 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in PBF Energy by 2,119.6% during the 4th 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group cut 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. Wells Fargo & Company lowered their target price on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and reduced their price target for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.55.

PBF Energy Price Performance

PBF Energy stock opened at $20.59 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a 52 week low of $19.51 and a 52 week high of $62.88. The stock has a market capitalization of $2.37 billion, a P/E ratio of -4.37 and a beta of 1.60. The stock has a fifty day moving average of $26.84 and a 200-day moving average of $29.81.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced 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 is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.34%. PBF Energy’s dividend payout ratio is currently -23.35%.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 155,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the transaction, the insider now owns 30,249,998 shares of the company’s stock, valued at $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have purchased 1,062,500 shares of company stock valued at $28,442,290. 5.30% of the stock is currently owned by insiders.

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.