Semanteon Capital Management LP Takes Position in PBF Energy Inc. (NYSE:PBF)

Semanteon Capital Management LP purchased a new position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 39,368 shares of the oil and gas company's stock, valued at approximately $1,045,000.

Several other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of PBF Energy by 2,119.6% during 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 buying an additional 392,776 shares in the last quarter. Neo Ivy Capital Management acquired a new position in PBF Energy during the third quarter worth $2,404,000. Intech Investment Management LLC lifted its holdings in PBF Energy by 165.9% during the third quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company's stock valued at $1,427,000 after purchasing an additional 28,770 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at about $4,515,000. Finally, Bridgewater Associates LP increased its stake in shares of PBF Energy by 40.5% during the third quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company's stock worth $2,896,000 after purchasing an additional 26,952 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital bought 40,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were bought at an average price of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the transaction, the insider now directly owns 29,355,998 shares in the company, valued at $806,409,265.06. This trade represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have purchased 721,000 shares of company stock worth $19,269,600. Company insiders own 5.30% of the company's stock.

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PBF Energy Trading Down 2.2 %

NYSE:PBF traded down $0.44 on Tuesday, hitting $19.23. The stock had a trading volume of 3,688,093 shares, compared to its average volume of 2,093,015. The company has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $28.55. PBF Energy Inc. has a 1-year low of $18.97 and a 1-year high of $62.88. 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 stock has a market cap of $2.22 billion, a price-to-earnings ratio of -4.08 and a beta of 1.62.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). The business had revenue of $7.35 billion during 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%. Equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy's payout ratio is -23.35%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PBF shares. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. TD Cowen reduced their price objective on 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 decreased their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their target price on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Seven 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, the company presently has a consensus rating of "Hold" and a consensus price target of $27.36.

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.