Barclays PLC Increases Position in PBF Energy Inc. (NYSE:PBF)

Barclays PLC boosted its position in PBF Energy Inc. (NYSE:PBF - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,338 shares of the oil and gas company's stock after purchasing an additional 58,691 shares during the period. Barclays PLC owned approximately 0.24% of PBF Energy worth $7,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of PBF Energy by 783.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock worth $84,000 after buying an additional 2,804 shares during the period. Covestor Ltd increased its stake in PBF Energy by 36.3% in the fourth quarter. Covestor Ltd now owns 3,788 shares of the oil and gas company's stock worth $101,000 after purchasing an additional 1,008 shares during the period. Raymond James Financial Inc. bought a new stake in shares of PBF Energy during the fourth quarter worth $1,654,000. Legal & General Group Plc lifted its position in shares of PBF Energy by 3.0% during the fourth quarter. Legal & General Group Plc now owns 179,283 shares of the oil and gas company's stock worth $4,760,000 after purchasing an additional 5,184 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of PBF Energy by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 111,288 shares of the oil and gas company's stock valued at $2,955,000 after purchasing an additional 18,097 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler decreased their price objective on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. Scotiabank decreased their price target on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered 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. Morgan Stanley reduced their price objective on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group lowered their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $23.45.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 15,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $209,700.00. Following the completion of the acquisition, the insider now directly owns 30,757,998 shares in the company, valued at $429,996,812.04. The trade was a 0.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 627,000 shares of company stock worth $14,602,580. Insiders own 5.30% of the company's stock.

PBF Energy Stock Up 4.8 %

PBF traded up $0.79 on Monday, hitting $17.09. The company had a trading volume of 2,907,743 shares, compared to its average volume of 2,404,746. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -3.63 and a beta of 1.15. The stock has a fifty day moving average price of $18.83 and a 200-day moving average price of $25.71. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $58.17. 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 (NYSE:PBF - Get Free Report) last issued 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 return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.25 billion. Analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy's payout ratio is presently -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.