Edgestream Partners L.P. Sells 110,332 Shares of PBF Energy Inc. (NYSE:PBF)

Edgestream Partners L.P. decreased its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 48.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,570 shares of the oil and gas company's stock after selling 110,332 shares during the period. Edgestream Partners L.P. owned 0.10% of PBF Energy worth $3,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PBF. Callan Family Office LLC purchased a new stake in PBF Energy in the fourth quarter worth $219,000. Inceptionr LLC lifted its position in shares of PBF Energy by 27.7% in the 4th quarter. Inceptionr LLC now owns 11,200 shares of the oil and gas company's stock worth $297,000 after purchasing an additional 2,428 shares during the period. Raymond James Financial Inc. bought a new stake in shares of PBF Energy during the 4th quarter valued at about $1,654,000. Proficio Capital Partners LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at about $299,000. Finally, Charles Schwab Investment Management Inc. raised its stake in PBF Energy by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after buying an additional 78,045 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PBF shares. Piper Sandler reduced their target price on PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, March 7th. UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company dropped their target price on shares of PBF Energy from $34.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Finally, TD Cowen cut their price objective on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.55.

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Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 155,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the purchase, the insider now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 1,062,500 shares of company stock worth $28,442,290 in the last ninety days. Insiders own 5.30% of the company's stock.

PBF Energy Stock Performance

Shares of NYSE:PBF traded down $0.07 during midday trading on Wednesday, reaching $20.07. 2,327,789 shares of the company's stock traded hands, compared to its average volume of 2,105,490. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a one year low of $18.97 and a one year high of $62.88. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -4.26 and a beta of 1.62. The stock has a 50 day moving average of $26.33 and a 200 day moving average of $29.32.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results 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). 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. As a group, equities research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.48%. PBF Energy's payout ratio is -23.35%.

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.