Magnetar Financial LLC Has $2.88 Million Stake in PBF Energy Inc. (NYSE:PBF)

Magnetar Financial LLC lifted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 159.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,393 shares of the oil and gas company's stock after buying an additional 66,548 shares during the quarter. Magnetar Financial LLC owned about 0.09% of PBF Energy worth $2,878,000 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. Van ECK Associates Corp increased its position in PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock valued at $10,920,000 after acquiring an additional 392,776 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $2,404,000. Intech Investment Management LLC raised its position in PBF Energy by 165.9% in the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company's stock worth $1,427,000 after purchasing an additional 28,770 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in PBF Energy during the 4th quarter worth $4,515,000. Finally, Bridgewater Associates LP boosted its position in PBF Energy by 40.5% in the 3rd quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company's stock valued at $2,896,000 after buying an additional 26,952 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

PBF Energy Stock Down 2.2 %

Shares of NYSE PBF traded down $0.44 during midday trading on Tuesday, reaching $19.23. The company's stock had a trading volume of 3,688,093 shares, compared to its average volume of 2,093,015. The stock has a 50 day simple moving average of $25.19 and a 200-day simple moving average of $28.55. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.08 and a beta of 1.62. PBF Energy Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $62.88.

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PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly 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). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. Equities research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.72%. PBF Energy's payout ratio is presently -23.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PBF shares. The Goldman Sachs Group dropped their target price on PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. 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 report on Friday, March 14th. TD Cowen reduced their target price on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, March 11th. Mizuho lowered shares of PBF Energy from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. Finally, UBS Group reduced their price objective 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. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.36.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital purchased 70,000 shares of the business's stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $1,789,200.00. Following the completion of the purchase, the insider now directly owns 28,884,998 shares in the company, valued at $738,300,548.88. The trade was a 0.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders purchased 721,000 shares of company stock valued at $19,269,600. Insiders own 5.30% of the company's stock.

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.