Charles Schwab Investment Management Inc. Boosts Holdings in PBF Energy Inc. (NYSE:PBF)

Charles Schwab Investment Management Inc. lifted its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,492,817 shares of the oil and gas company's stock after buying an additional 78,045 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.30% of PBF Energy worth $39,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock worth $47,663,000 after acquiring an additional 1,226,909 shares in the last quarter. Private Management Group Inc. increased its stake in shares of PBF Energy by 24.6% in the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company's stock valued at $28,071,000 after buying an additional 208,599 shares during the period. BNP Paribas Financial Markets raised its holdings in PBF Energy by 132.6% in 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 buying an additional 492,053 shares during the last quarter. Hara Capital LLC boosted its position in PBF Energy by 8.5% during the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company's stock worth $14,586,000 after buying an additional 43,073 shares during the period. Finally, Van ECK Associates Corp grew its holdings in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after acquiring an additional 392,776 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

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PBF Energy Stock Up 2.7 %

PBF Energy stock traded up $0.59 during midday trading on Wednesday, hitting $22.28. 857,128 shares of the stock were exchanged, compared to its average volume of 2,524,020. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -4.71 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The business's 50-day moving average price is $25.74 and its 200-day moving average price is $28.89. PBF Energy Inc. has a 52-week low of $18.97 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last posted 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 company had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.25 billion. On average, research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Thursday, February 27th. PBF Energy's dividend payout ratio is currently -23.35%.

Wall Street Analysts Forecast Growth

PBF has been the subject of several analyst reports. UBS Group dropped their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Piper Sandler dropped their price objective on PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut 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 research note on Friday, March 14th. TD Cowen decreased their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their price objective 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 issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.36.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00. Following the purchase, the insider now owns 28,984,998 shares in the company, valued at $829,550,642.76. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 721,000 shares of company stock valued at $19,269,600 over the last quarter. Company insiders own 5.30% of the company's stock.

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.