30,192 Shares in PBF Energy Inc. (NYSE:PBF) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,192 shares of the oil and gas company's stock, valued at approximately $802,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PBF Energy by 2.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company's stock worth $782,000 after acquiring an additional 620 shares during the last quarter. Captrust Financial Advisors boosted its holdings in PBF Energy by 32.8% during the 3rd quarter. Captrust Financial Advisors now owns 22,273 shares of the oil and gas company's stock worth $689,000 after acquiring an additional 5,498 shares during the last quarter. Verition Fund Management LLC bought a new stake in PBF Energy in the 3rd quarter worth about $1,918,000. Paloma Partners Management Co purchased a new stake in shares of PBF Energy during the third quarter valued at approximately $393,000. Finally, Holocene Advisors LP bought a new stake in shares of PBF Energy during the 3rd quarter worth $2,806,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Stock Up 0.8 %

Shares of PBF Energy stock traded up $0.12 during midday trading on Tuesday, hitting $14.67. The company had a trading volume of 1,777,851 shares, compared to its average volume of 2,284,785. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $61.88. The stock has a market capitalization of $1.69 billion, a P/E ratio of -3.11 and a beta of 1.15. The company has a 50 day moving average of $22.73 and a 200 day moving average of $27.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25.

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PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The firm had revenue of $7.35 billion during 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%. On average, equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 7.50%. The ex-dividend date was Thursday, February 27th. PBF Energy's dividend payout ratio (DPR) is presently -23.35%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 155,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the purchase, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. This represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased 781,000 shares of company stock worth $19,776,200 in the last three months. Corporate insiders own 5.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on PBF. UBS Group dropped their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group dropped their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Piper Sandler cut their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research note on Friday, March 7th. Mizuho lowered their price target on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, PBF Energy has a consensus rating of "Hold" and an average price target of $25.55.

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.