GSA Capital Partners LLP Has $1.38 Million Stake in PBF Energy Inc. (NYSE:PBF)

GSA Capital Partners LLP boosted its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 76.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,618 shares of the oil and gas company's stock after purchasing an additional 19,375 shares during the period. GSA Capital Partners LLP's holdings in PBF Energy were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PBF. Janus Henderson Group PLC increased its holdings in PBF Energy by 957.8% during the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company's stock valued at $34,811,000 after purchasing an additional 547,509 shares in the last quarter. Hsbc Holdings PLC increased its holdings in PBF Energy by 246.5% during the 2nd quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company's stock valued at $22,881,000 after purchasing an additional 355,329 shares in the last quarter. Acadian Asset Management LLC boosted its position in PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company's stock valued at $64,489,000 after buying an additional 347,268 shares during the last quarter. Natixis acquired a new stake in shares of PBF Energy in the 1st quarter valued at $16,269,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of PBF Energy by 59.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 581,045 shares of the oil and gas company's stock valued at $33,451,000 after buying an additional 215,689 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PBF has been the subject of several research reports. BMO Capital Markets cut PBF Energy from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. cut PBF Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. TD Cowen lowered their target price on PBF Energy from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Mizuho lowered their target price on PBF Energy from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler cut PBF Energy from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of "Hold" and an average target price of $34.18.

PBF Energy Stock Up 0.1 %

Shares of PBF Energy stock traded up $0.02 during trading on Thursday, reaching $30.36. The stock had a trading volume of 566,532 shares, compared to its average volume of 2,180,750. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -11.71 and a beta of 1.56. The stock has a fifty day moving average price of $31.64 and a two-hundred day moving average price of $38.86. PBF Energy Inc. has a 52 week low of $27.94 and a 52 week high of $62.88. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

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 net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm earned $6.61 earnings per share. The business's revenue for the quarter was down 21.9% on a year-over-year basis. Sell-side analysts predict that PBF Energy Inc. will post -2.79 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.62%. The ex-dividend date is Wednesday, November 13th. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. PBF Energy's dividend payout ratio is presently -38.61%.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital purchased 85,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $28.37 per share, with a total value of $2,411,450.00. Following the completion of the transaction, the insider now directly owns 26,197,498 shares in the company, valued at $743,223,018.26. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have purchased 4,492,400 shares of company stock worth $142,172,797. Corporate 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.