Janus Henderson Group PLC Sells 62,559 Shares of PBF Energy Inc. (NYSE:PBF)

Janus Henderson Group PLC reduced its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 583,678 shares of the oil and gas company's stock after selling 62,559 shares during the quarter. Janus Henderson Group PLC owned about 0.51% of PBF Energy worth $18,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of PBF Energy during the second quarter valued at about $26,000. CWM LLC boosted its stake in PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock valued at $50,000 after purchasing an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in PBF Energy during the 3rd quarter worth approximately $59,000. Blue Trust Inc. raised its stake in shares of PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 2,027 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of PBF Energy by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company's stock valued at $81,000 after purchasing an additional 573 shares in the last quarter. Institutional investors own 96.29% of the company's stock.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $31.78 per share, for a total transaction of $7,945,000.00. Following the completion of the transaction, the insider now owns 22,952,398 shares in the company, valued at $729,427,208.44. This trade represents a 1.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 4,238,100 shares of company stock valued at $132,147,631 over the last quarter. Company insiders own 5.30% of the company's stock.

PBF Energy Stock Performance

NYSE PBF traded down $0.58 on Friday, hitting $30.22. 1,482,119 shares of the stock traded hands, compared to its average volume of 1,716,257. 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 business's fifty day moving average is $31.44 and its two-hundred day moving average is $36.47. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -11.67 and a beta of 1.57.

PBF Energy (NYSE:PBF - Get Free Report) last posted 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 return on equity of 2.84% and a negative net margin of 0.84%. The firm had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $6.61 EPS. The firm's revenue was down 21.9% compared to the same quarter last year. As a group, equities analysts anticipate that PBF Energy Inc. will post -2.86 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently announced 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 an increase 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 3.64%. PBF Energy's dividend payout ratio (DPR) is presently -42.47%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PBF. BMO Capital Markets downgraded PBF Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $42.00 to $35.00 in a report on Friday, October 4th. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, October 4th. Morgan Stanley reduced their price objective on shares of PBF Energy from $48.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Finally, Piper Sandler cut shares of PBF Energy from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, PBF Energy presently has a consensus rating of "Hold" and an average target price of $34.18.

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.