New Age Alpha Advisors LLC Invests $449,000 in PBF Energy Inc. (NYSE:PBF)

New Age Alpha Advisors LLC bought a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 16,920 shares of the oil and gas company's stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PBF. Xponance Inc. raised its position in PBF Energy by 2.6% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company's stock valued at $375,000 after purchasing an additional 364 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of PBF Energy by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company's stock worth $1,084,000 after buying an additional 459 shares during the period. Spire Wealth Management boosted its stake in shares of PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after buying an additional 585 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after buying an additional 614 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in PBF Energy by 2.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company's stock valued at $782,000 after acquiring an additional 620 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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PBF Energy Price Performance

PBF Energy stock traded down $2.84 during trading hours on Thursday, hitting $16.72. The stock had a trading volume of 6,634,743 shares, compared to its average volume of 2,234,959. PBF Energy Inc. has a 1-year low of $16.51 and a 1-year high of $62.88. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -3.55 and a beta of 1.62. The stock's fifty day moving average is $23.61 and its two-hundred day moving average is $27.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. As a group, analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 6.58%. PBF Energy's dividend payout ratio is currently -23.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. TD Cowen lowered their price objective on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. Mizuho cut their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday. UBS Group lowered their target price on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their price target on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.55.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital bought 20,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $19.09 per share, with a total value of $381,800.00. Following the purchase, the insider now owns 30,534,998 shares of the company's stock, valued at $582,913,111.82. This trade represents a 0.07 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 671,000 shares of company stock valued at $17,862,200. 6.70% of the stock is owned by corporate insiders.

About PBF Energy

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.