PBF Energy Inc. (NYSE:PBF) is Hara Capital LLC's Largest Position

Hara Capital LLC increased its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 549,390 shares of the oil and gas company's stock after purchasing an additional 43,073 shares during the period. PBF Energy makes up 9.5% of Hara Capital LLC's portfolio, making the stock its largest holding. Hara Capital LLC owned about 0.48% of PBF Energy worth $14,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund boosted 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 valued at $47,663,000 after purchasing an additional 1,226,909 shares during the period. Private Management Group Inc. boosted its position in PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company's stock valued at $28,071,000 after buying an additional 208,599 shares during the period. BNP Paribas Financial Markets grew its stake in PBF Energy by 132.6% in 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 acquiring an additional 492,053 shares in the last quarter. Van ECK Associates Corp grew its stake in PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after acquiring an additional 392,776 shares in the last quarter. Finally, Recurrent Investment Advisors LLC purchased a new position in shares of PBF Energy during the third quarter worth approximately $11,516,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Stock Down 3.0 %

PBF stock traded down $0.70 on Friday, hitting $23.13. 3,332,537 shares of the company's stock were exchanged, compared to its average volume of 2,382,033. The firm has a 50 day moving average price of $27.62 and a two-hundred day moving average price of $30.73. PBF Energy Inc. has a 12-month low of $22.03 and a 12-month high of $62.88. The stock has a market cap of $2.66 billion, a P/E ratio of -4.91 and a beta of 1.60. 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 posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. As a group, equities research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Thursday, February 27th. PBF Energy's dividend payout ratio (DPR) is presently -23.35%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 57,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00. Following the acquisition, the insider now owns 26,739,498 shares in the company, valued at $847,642,086.60. This represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 1,868,500 shares of company stock valued at $55,348,810 in the last ninety days. Company insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PBF shares. StockNews.com cut PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on PBF Energy from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. UBS Group cut their price target on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of PBF Energy from $34.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group reduced their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.55.

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.