PBF Energy Inc. (NYSE:PBF) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 391.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,540,000 shares of the oil and gas company's stock after acquiring an additional 1,226,909 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 1.34% of PBF Energy worth $47,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PBF. Janus Henderson Group PLC boosted its stake in shares of PBF Energy by 957.8% during the first quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company's stock valued at $34,811,000 after purchasing an additional 547,509 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of PBF Energy by 132.6% during the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company's stock valued at $26,717,000 after purchasing an additional 492,053 shares during the period. Hsbc Holdings PLC boosted its stake in shares of PBF Energy by 246.5% during the second quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company's stock valued at $22,881,000 after purchasing an additional 355,329 shares during the period. Acadian Asset Management LLC boosted its stake in shares of PBF Energy by 32.9% during the second 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 purchasing an additional 347,268 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of PBF Energy by 346.6% during the second quarter. Canada Pension Plan Investment Board now owns 262,600 shares of the oil and gas company's stock valued at $12,085,000 after purchasing an additional 203,800 shares during the period. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com lowered PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Tudor, Pickering, Holt & Co. lowered PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered PBF Energy from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $53.00 to $40.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group dropped their price target on PBF Energy from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, October 4th. Finally, Piper Sandler lowered PBF Energy from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus price target of $34.18.

PBF Energy Stock Performance

NYSE PBF traded down $0.18 during trading hours on Thursday, hitting $31.39. The company's stock had a trading volume of 1,764,494 shares, compared to its average volume of 2,167,100. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88. The company's 50 day simple moving average is $31.49 and its two-hundred day simple moving average is $37.44. The company has a market cap of $3.61 billion, a P/E ratio of -12.12 and a beta of 1.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company had revenue of $8.38 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the previous year, the firm earned $6.61 earnings per share. The firm's quarterly revenue was down 21.9% on a year-over-year basis. As a group, sell-side analysts expect that PBF Energy Inc. will post -2.86 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.275 dividend. The ex-dividend date was Wednesday, November 13th. This is a boost from PBF Energy's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.50%. PBF Energy's payout ratio is currently -42.47%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the purchase, the insider now directly owns 26,739,498 shares in the company, valued at $847,642,086.60. The trade was a 0.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have acquired 4,649,400 shares of company stock valued at $147,107,697. Corporate insiders own 6.20% of the company's stock.

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.