LSV Asset Management Lowers Holdings in PBF Energy Inc. (NYSE:PBF)

LSV Asset Management reduced its position in PBF Energy Inc. (NYSE:PBF - Free Report) by 61.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 333,500 shares of the oil and gas company's stock after selling 541,704 shares during the period. LSV Asset Management owned 0.29% of PBF Energy worth $8,854,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 1,056 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of PBF Energy during the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC grew its stake in shares of PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after acquiring an additional 614 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of PBF Energy during the fourth quarter valued at about $68,000. Finally, Spire Wealth Management raised its position in shares of PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 96.29% of the company's stock.

PBF Energy Price Performance

Shares of PBF stock traded up $0.29 on Friday, reaching $15.18. 4,094,523 shares of the company were exchanged, compared to its average volume of 2,380,201. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -3.22 and a beta of 1.15. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $58.17. The business has a 50-day moving average price of $19.92 and a 200 day moving average price of $26.50. 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 (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share 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 firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.25 billion. Equities research analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal 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 of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 7.25%. PBF Energy's payout ratio is presently -23.35%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital purchased 155,000 shares of PBF Energy 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 acquisition, the insider now directly owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. The trade was a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 727,000 shares of company stock worth $17,562,580. Insiders own 5.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PBF. Wells Fargo & Company cut their price target on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley reduced their target price on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group dropped their price target on PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Mizuho reduced their price objective on PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. dropped their target price on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of "Hold" and a consensus target price of $24.18.

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.