First Eagle Investment Management LLC Acquires 64,000 Shares of PBF Energy Inc. (NYSE:PBF)

First Eagle Investment Management LLC lifted its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 449,017 shares of the oil and gas company's stock after acquiring an additional 64,000 shares during the period. First Eagle Investment Management LLC owned approximately 0.39% of PBF Energy worth $11,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBF. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the period. BNP Paribas Financial Markets lifted 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 valued at $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Van ECK Associates Corp lifted 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 valued at $10,920,000 after purchasing an additional 392,776 shares during the last quarter. Recurrent Investment Advisors LLC bought a new position in PBF Energy in the 3rd quarter valued at approximately $11,516,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in PBF Energy in the 3rd quarter valued at approximately $10,506,000. Institutional investors own 96.29% of the company's stock.

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Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 155,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the purchase, the insider now directly owns 30,249,998 shares in the company, valued at $611,049,959.60. The trade was a 0.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 721,000 shares of company stock valued at $19,269,600 over the last ninety days. 5.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PBF has been the subject of several research reports. TD Cowen dropped their price objective on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. UBS Group dropped their price objective on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Piper Sandler decreased their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. 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 report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy presently has a consensus rating of "Hold" and a consensus price target of $27.36.

PBF Energy Trading Up 1.5 %

Shares of PBF traded up $0.34 during trading hours on Wednesday, hitting $22.03. 2,048,876 shares of the stock were exchanged, compared to its average volume of 2,087,102. PBF Energy Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The business has a 50-day moving average of $25.74 and a 200-day moving average of $28.89. The firm has a market capitalization of $2.54 billion, a P/E ratio of -4.68 and a beta of 1.62.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results 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 the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.99%. The ex-dividend date was Thursday, February 27th. PBF Energy's dividend payout ratio is presently -23.35%.

PBF Energy 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.