Stratos Wealth Advisors LLC Purchases 22,470 Shares of PBF Energy Inc. (NYSE:PBF)

Stratos Wealth Advisors LLC boosted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 105.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,709 shares of the oil and gas company's stock after acquiring an additional 22,470 shares during the period. Stratos Wealth Advisors LLC's holdings in PBF Energy were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew 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 buying an additional 547,509 shares in the last quarter. SG Americas Securities LLC grew its holdings in PBF Energy by 14,785.7% during the 1st quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company's stock valued at $31,262,000 after buying an additional 539,381 shares in the last quarter. Hsbc Holdings PLC grew 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 buying an additional 355,329 shares in the last quarter. Acadian Asset Management LLC grew its holdings in PBF Energy by 32.9% during 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 in the last quarter. Finally, Natixis purchased a new stake in PBF Energy during the 1st quarter valued at approximately $16,269,000. Institutional investors own 96.29% of the company's stock.

PBF Energy Trading Down 2.5 %

Shares of NYSE:PBF traded down $0.83 on Monday, hitting $32.87. 1,722,476 shares of the company's stock were exchanged, compared to its average volume of 2,155,899. PBF Energy Inc. has a 12 month low of $30.17 and a 12 month high of $62.88. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 2.33 and a beta of 1.55. The business's 50 day simple moving average is $33.12 and its two-hundred day simple moving average is $42.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share 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 the consensus estimate of $8.64 billion. During the same quarter last year, the business posted $2.29 earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that PBF Energy Inc. will post -0.48 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.04%. PBF Energy's dividend payout ratio (DPR) is 6.92%.

Analyst Ratings Changes

A number of research firms recently weighed in on PBF. Bank of America began coverage on shares of PBF Energy in a report on Thursday. They issued an "underperform" rating and a $25.00 target price for the company. The Goldman Sachs Group cut their target price on shares of PBF Energy from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, October 4th. Wolfe Research began coverage on shares of PBF Energy in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and cut their target price for the company from $53.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Morgan Stanley cut their target price on shares of PBF Energy from $48.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.09.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital acquired 1,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $31.75 per share, for a total transaction of $31,750,000.00. Following the completion of the acquisition, the insider now directly owns 24,462,398 shares of the company's stock, valued at $776,681,136.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 3,952,300 shares of company stock worth $129,050,026 over the last three months. 5.30% of the stock is owned by corporate insiders.

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.