PBF Energy Inc. (NYSE:PBF) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its position in shares of PBF Energy Inc. (NYSE:PBF) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 6,084 shares of the oil and gas company’s stock after selling 850 shares during the quarter. Signaturefd LLC’s holdings in PBF Energy were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares during the period. Quarry LP acquired a new position in PBF Energy in the third quarter valued at approximately $48,000. Golden State Wealth Management LLC acquired a new position in PBF Energy in the fourth quarter valued at approximately $61,000. EverSource Wealth Advisors LLC lifted its holdings in PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in PBF Energy in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Stock Down 5.1 %

Shares of PBF opened at $20.78 on Friday. 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 one year low of $18.97 and a one year high of $62.88. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -4.41 and a beta of 1.62. The stock has a 50 day moving average price of $25.39 and a 200 day moving average price of $28.67.

PBF Energy (NYSE:PBF) last issued its quarterly 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). The firm had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. Equities research analysts forecast 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 was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.29%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is currently -23.35%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PBF. TD Cowen decreased their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, March 11th. UBS Group decreased their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Finally, Wells Fargo & Company reduced their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.36.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital bought 70,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was bought at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the acquisition, the insider now directly owns 28,884,998 shares in the company, valued at $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 721,000 shares of company stock worth $19,269,600 in the last three months. 5.30% of the stock is owned by corporate insiders.

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.