25,319 Shares in PBF Energy Inc. (NYSE:PBF) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,319 shares of the oil and gas company's stock, valued at approximately $672,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PBF. Bryce Point Capital LLC bought a new position in shares of PBF Energy in the fourth quarter valued at approximately $802,000. Heartland Advisors Inc. bought a new position in PBF Energy during the 4th quarter valued at $1,420,000. New Age Alpha Advisors LLC acquired a new position in shares of PBF Energy during the 4th quarter valued at $449,000. Norges Bank bought a new stake in shares of PBF Energy in the 4th quarter worth $20,896,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after buying an additional 562,287 shares during the period. 96.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PBF shares. TD Cowen dropped their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley dropped their target price on shares of PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Mizuho decreased their price target on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. UBS Group reduced their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy has an average rating of "Hold" and a consensus price target of $25.55.

PBF Energy Stock Down 1.2 %

PBF stock traded down $0.18 during trading hours on Friday, reaching $14.76. 895,628 shares of the stock were exchanged, compared to its average volume of 2,329,361. The firm's 50-day moving average is $21.31 and its 200-day moving average is $27.03. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $60.98. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -3.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share 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 firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Thursday, February 27th. PBF Energy's payout ratio is currently -23.35%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 16,000 shares of PBF Energy stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $13.88 per share, with a total value of $222,080.00. Following the acquisition, the insider now owns 30,737,998 shares in the company, valued at $426,643,412.24. This trade represents a 0.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 797,000 shares of company stock valued at $19,998,280 over the last quarter. 5.30% of the stock is owned by corporate 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.