Burney Co. Sells 21,537 Shares of PBF Energy Inc. (NYSE:PBF)

Burney Co. reduced its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,377 shares of the oil and gas company's stock after selling 21,537 shares during the quarter. Burney Co.'s holdings in PBF Energy were worth $541,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PBF. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock valued at $47,663,000 after buying an additional 1,226,909 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company's stock valued at $26,717,000 after purchasing an additional 492,053 shares in the last quarter. Private Management Group Inc. grew its stake in shares of 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 last quarter. AQR Capital Management LLC raised its holdings in shares of PBF Energy by 14.8% in the 2nd 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. Finally, Hara Capital LLC lifted its stake in PBF Energy by 28.9% during the third quarter. Hara Capital LLC now owns 506,317 shares of the oil and gas company's stock valued at $15,670,000 after purchasing an additional 113,519 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital purchased 100,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were purchased at an average cost of $28.62 per share, for a total transaction of $2,862,000.00. Following the completion of the transaction, the insider now directly owns 28,984,998 shares of the company's stock, valued at approximately $829,550,642.76. The trade was a 0.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 2,469,600 shares of company stock valued at $73,932,721 in the last quarter. Corporate insiders own 6.20% of the company's stock.

PBF Energy Stock Performance

Shares of NYSE:PBF traded up $0.55 during midday trading on Friday, hitting $31.03. The company's stock had a trading volume of 2,528,921 shares, compared to its average volume of 1,974,752. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -11.98 and a beta of 1.61. The stock's 50 day simple moving average is $29.16 and its 200 day simple moving average is $32.76.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm earned $6.61 earnings per share. The firm's quarterly revenue was down 21.9% compared to the same quarter last year. As a group, research analysts anticipate that PBF Energy Inc. will post -2.95 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. Investors of record on Wednesday, November 13th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.54%. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. PBF Energy's payout ratio is currently -42.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PBF shares. Bank of America assumed coverage on PBF Energy in a research report on Thursday, October 17th. They set an "underperform" rating and a $25.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. StockNews.com downgraded PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Scotiabank reduced their target price on shares of PBF Energy from $45.00 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. Finally, Mizuho lowered shares of PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Seven research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, PBF Energy currently has an average rating of "Hold" and an average target price of $32.00.

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.