PBF Energy Inc. (NYSE:PBF) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 132.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 863,228 shares of the oil and gas company's stock after acquiring an additional 492,053 shares during the quarter. BNP Paribas Financial Markets owned 0.75% of PBF Energy worth $26,717,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in PBF Energy by 32.9% during the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company's stock worth $64,489,000 after buying an additional 347,268 shares in the last quarter. LSV Asset Management grew its position in shares of PBF Energy by 2.7% during the 2nd quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company's stock valued at $59,409,000 after acquiring an additional 34,470 shares during the period. American Century Companies Inc. increased its stake in shares of PBF Energy by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company's stock valued at $45,712,000 after purchasing an additional 32,862 shares in the last quarter. Private Management Group Inc. raised its holdings in PBF Energy by 27.5% in the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company's stock worth $26,267,000 after purchasing an additional 183,183 shares during the period. Finally, AQR Capital Management LLC boosted its position in PBF Energy by 14.8% during the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company's stock worth $29,883,000 after purchasing an additional 84,532 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 805,300 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $32.62 per share, for a total transaction of $26,268,886.00. Following the acquisition, the insider now owns 20,634,898 shares in the company, valued at $673,110,372.76. This trade represents a 4.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 4,649,400 shares of company stock worth $147,107,697 in the last 90 days. Insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PBF shares. UBS Group reduced their target price on PBF Energy from $57.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Piper Sandler downgraded shares of PBF Energy from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $47.00 to $25.00 in a report on Friday, September 20th. Mizuho cut their target price on shares of PBF Energy from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Finally, TD Cowen lowered their price objective on PBF Energy from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $34.18.

PBF Energy Trading Up 0.3 %

NYSE PBF traded up $0.10 on Friday, reaching $31.49. 1,053,025 shares of the company were exchanged, compared to its average volume of 2,162,284. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The business's fifty day moving average price is $31.43 and its 200 day moving average price is $37.20. The stock has a market capitalization of $3.63 billion, a P/E ratio of -12.16 and a beta of 1.56. PBF Energy Inc. has a fifty-two week low of $27.94 and a fifty-two week high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the firm posted $6.61 EPS. The company's revenue was down 21.9% compared to the same quarter last year. Analysts forecast that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.275 dividend. This is a boost from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.49%. PBF Energy's dividend payout ratio is -42.47%.

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.