PBF Energy Inc. (NYSE:PBF) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,865,625 shares of the oil and gas company's stock after buying an additional 187,351 shares during the quarter. American Century Companies Inc. owned 1.62% of PBF Energy worth $49,532,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PBF. Citigroup Inc. lifted its stake in PBF Energy by 30.8% in the third quarter. Citigroup Inc. now owns 158,963 shares of the oil and gas company's stock worth $4,920,000 after acquiring an additional 37,400 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of PBF Energy by 9.6% in the 3rd quarter. Hancock Whitney Corp now owns 11,030 shares of the oil and gas company's stock valued at $341,000 after purchasing an additional 968 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company's stock worth $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of PBF Energy by 40.5% during the third quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company's stock worth $2,896,000 after purchasing an additional 26,952 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock worth $47,663,000 after purchasing an additional 1,226,909 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Performance

Shares of PBF traded down $0.36 during mid-day trading on Friday, hitting $18.98. 1,441,475 shares of the company's stock were exchanged, compared to its average volume of 2,205,131. 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 Inc. has a fifty-two week low of $18.82 and a fifty-two week high of $62.88. The business's 50 day moving average is $24.28 and its two-hundred day moving average is $28.19. The firm has a market capitalization of $2.19 billion, a P/E ratio of -4.03 and a beta of 1.62.

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) 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 company had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.25 billion. On average, equities analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.80%. PBF Energy's dividend payout ratio (DPR) is -23.35%.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $29.60 per share, with a total value of $2,960,000.00. Following the acquisition, the insider now owns 29,084,998 shares of the company's stock, valued at $860,915,940.80. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have bought 651,000 shares of company stock valued at $17,480,400. 5.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PBF. JPMorgan Chase & Co. decreased their price target on PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. TD Cowen decreased their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. UBS Group dropped their price target 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. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company dropped their target price on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, PBF Energy has an average rating of "Hold" and an average price target of $26.36.

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.