Canada Pension Plan Investment Board Purchases 17,400 Shares of PBF Energy Inc. (NYSE:PBF)

Canada Pension Plan Investment Board grew its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 336,300 shares of the oil and gas company's stock after acquiring an additional 17,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.29% of PBF Energy worth $8,929,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in PBF Energy in the 3rd quarter worth $1,642,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of PBF Energy by 35.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company's stock worth $1,801,000 after buying an additional 14,892 shares during the period. Fortitude Family Office LLC increased its holdings in shares of PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after buying an additional 1,056 shares during the period. West Oak Capital LLC lifted its stake in shares of PBF Energy by 6,069.5% in the 4th quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company's stock valued at $328,000 after acquiring an additional 12,139 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in PBF Energy by 1,484.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company's stock valued at $159,000 after acquiring an additional 5,627 shares during the period. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Stock Up 1.4 %

Shares of PBF stock traded up $0.22 during midday trading on Friday, reaching $16.28. 1,810,322 shares of the stock were exchanged, compared to its average volume of 2,393,197. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $58.17. The firm has a market cap of $1.88 billion, a PE ratio of -3.46 and a beta of 1.15. The company's 50 day moving average is $18.99 and its two-hundred day moving average is $25.92. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

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

PBF Energy Dividend Announcement

The firm also recently declared 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 was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.76%. PBF Energy's dividend payout ratio (DPR) is currently -23.35%.

Analyst Upgrades and Downgrades

PBF has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday. Mizuho decreased their target price on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Piper Sandler dropped their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group dropped their target price 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 analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.45.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 155,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the acquisition, the insider now owns 30,249,998 shares of the company's stock, valued at $611,049,959.60. The trade was a 0.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 627,000 shares of company stock valued at $14,602,580 over the last quarter. Corporate insiders own 6.70% 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.