29,965 Shares in PBF Energy Inc. (NYSE:PBF) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,965 shares of the oil and gas company's stock, valued at approximately $927,000.

Several other large investors also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its stake in shares of PBF Energy by 3.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company's stock valued at $488,000 after purchasing an additional 460 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of PBF Energy by 1.7% in the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company's stock worth $893,000 after purchasing an additional 485 shares during the period. Verdence Capital Advisors LLC raised its position in shares of PBF Energy by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company's stock worth $400,000 after buying an additional 543 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of PBF Energy by 14.2% during the second quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company's stock worth $202,000 after purchasing an additional 546 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of PBF Energy in the second quarter worth approximately $26,000. Hedge funds and other institutional investors own 96.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PBF. Scotiabank dropped their price objective on shares of PBF Energy from $45.00 to $31.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Mizuho dropped their price target on PBF Energy from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered PBF Energy from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, TD Cowen cut their target price on PBF Energy from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, PBF Energy has a consensus rating of "Hold" and a consensus target price of $34.18.

PBF Energy Trading Down 1.9 %

Shares of PBF stock traded down $0.58 during mid-day trading on Friday, reaching $30.22. The stock had a trading volume of 1,482,119 shares, compared to its average volume of 1,716,257. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average price is $31.44 and its two-hundred day moving average price is $36.56. The firm has a market capitalization of $3.48 billion, a PE ratio of -11.67 and a beta of 1.57. PBF Energy Inc. has a 52-week low of $27.94 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company's quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $6.61 EPS. Equities analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.64%. PBF Energy's dividend payout ratio is -42.47%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital purchased 300,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average cost of $30.82 per share, for a total transaction of $9,246,000.00. Following the completion of the transaction, the insider now directly owns 27,863,498 shares of the company's stock, valued at $858,753,008.36. This trade represents a 1.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders purchased 4,238,100 shares of company stock valued at $132,147,631. Company insiders own 5.30% of the company's stock.

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.