SG Americas Securities LLC Trims Stock Holdings in PBF Energy Inc. (NYSE:PBF)

SG Americas Securities LLC lowered its position in PBF Energy Inc. (NYSE:PBF - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,828 shares of the oil and gas company's stock after selling 29,723 shares during the period. SG Americas Securities LLC's holdings in PBF Energy were worth $102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC grew its position in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after buying an additional 1,056 shares during the last quarter. Quarry LP purchased a new position in shares of PBF Energy in the 3rd quarter worth approximately $48,000. Harbor Capital Advisors Inc. purchased a new position in shares of PBF Energy in the 3rd quarter worth approximately $59,000. Blue Trust Inc. grew its position in PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 2,027 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in PBF Energy during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 96.29% of the company's stock.

PBF Energy Price Performance

NYSE:PBF traded up $0.03 during trading hours on Friday, reaching $23.24. 3,107,443 shares of the company were exchanged, compared to its average volume of 2,074,934. 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 is $28.14 and its 200-day moving average is $31.09. The firm has a market cap of $2.67 billion, a PE ratio of -8.97 and a beta of 1.60. PBF Energy Inc. has a twelve month low of $22.03 and a twelve month high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results 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 0.84% and a negative return on equity of 2.84%. On average, sell-side analysts anticipate that PBF Energy Inc. will post -3.75 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 4.73%. PBF Energy's dividend payout ratio is presently -42.47%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PBF shares. Mizuho downgraded shares of PBF Energy from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their target price on shares of PBF Energy from $34.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $31.18.

Insider Activity

In other news, insider Control Empresarial De Capital purchased 100,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $31.28 per share, with a total value of $3,128,000.00. Following the transaction, the insider now owns 26,532,498 shares in the company, valued at $829,936,537.44. The trade was a 0.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have bought 1,968,500 shares of company stock valued at $58,476,810. 5.30% of the stock is currently owned by insiders.

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.