Wellington Management Group LLP Lowers Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Wellington Management Group LLP cut its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282,459 shares of the oil and gas company's stock after selling 21,409 shares during the quarter. Wellington Management Group LLP owned approximately 0.25% of PBF Energy worth $7,499,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Heartland Advisors Inc. acquired a new stake in PBF Energy during the fourth quarter valued at $1,420,000. New Age Alpha Advisors LLC purchased a new position in PBF Energy during the fourth quarter worth approximately $449,000. Norges Bank purchased a new stake in shares of PBF Energy in the fourth quarter valued at approximately $20,896,000. JPMorgan Chase & Co. raised its stake in shares of PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after buying an additional 562,287 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 96.29% of the company's stock.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the company's 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 completion of the acquisition, the insider now owns 29,084,998 shares in the company, valued at $860,915,940.80. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have acquired 712,000 shares of company stock valued at $17,345,980. Corporate insiders own 5.30% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PBF. JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Scotiabank lowered their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley decreased their target price on shares of PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group lowered their price objective 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. Finally, Mizuho cut their target price 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. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, PBF Energy has a consensus rating of "Hold" and a consensus target price of $24.18.

PBF Energy Trading Up 6.7 %

NYSE:PBF traded up $0.96 on Wednesday, reaching $15.39. 1,250,130 shares of the company's stock were exchanged, compared to its average volume of 2,351,497. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -3.27 and a beta of 1.15. The business has a fifty day moving average of $20.45 and a 200-day moving average of $26.69. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $58.74.

PBF Energy (NYSE:PBF - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $7.25 billion. As a group, analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date was Thursday, February 27th. PBF Energy's dividend payout ratio (DPR) 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.