Versor Investments LP Makes New Investment in PBF Energy Inc. (NYSE:PBF)

Versor Investments LP purchased a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,071 shares of the oil and gas company's stock, valued at approximately $1,062,000.

Several other hedge funds have also modified their holdings of PBF. GAMMA Investing LLC boosted its position in shares of PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 224 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of PBF Energy in the 1st quarter valued at about $27,000. Creekmur Asset Management LLC bought a new stake in shares of PBF Energy in the 4th quarter valued at about $29,000. CWM LLC raised its position in shares of PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 569 shares during the period. Finally, Fifth Third Bancorp boosted its stake in PBF Energy by 30.4% during the 1st quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company's stock worth $55,000 after acquiring an additional 222 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

PBF Energy Stock Down 2.0 %

NYSE PBF traded down $0.69 during trading on Tuesday, hitting $33.37. The stock had a trading volume of 2,814,533 shares, compared to its average volume of 2,094,681. The company has a market capitalization of $3.96 billion, a PE ratio of 2.30 and a beta of 1.60. PBF Energy Inc. has a 12 month low of $32.17 and a 12 month high of $62.88. The company's 50-day moving average price is $38.88 and its two-hundred day moving average price is $47.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.

PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts forecast that PBF Energy Inc. will post 1.61 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy's payout ratio is 6.92%.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital bought 50,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $35.60 per share, for a total transaction of $1,780,000.00. Following the completion of the acquisition, the insider now owns 18,179,598 shares of the company's stock, valued at approximately $647,193,688.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 2,364,100 shares of company stock valued at $103,048,517. 5.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group lowered their target price on shares of PBF Energy from $57.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Mizuho dropped their price objective on PBF Energy from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, June 20th. Scotiabank reduced their target price on PBF Energy from $56.00 to $45.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. Wolfe Research started coverage on PBF Energy in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. dropped their price target on PBF Energy from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 2nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, PBF Energy presently has an average rating of "Hold" and an average price target of $52.30.

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.