53,066 Shares in PBF Energy Inc. (NYSE:PBF) Bought by Tidal Investments LLC

Tidal Investments LLC bought a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,066 shares of the oil and gas company's stock, valued at approximately $1,642,000.

Several other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI bought a new position in PBF Energy in the 2nd quarter valued at $26,000. Quarry LP bought a new position in shares of PBF Energy in the third quarter worth about $48,000. CWM LLC increased its stake in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock worth $50,000 after buying an additional 569 shares during the period. Harbor Capital Advisors Inc. bought a new stake in PBF Energy during the 3rd quarter valued at about $59,000. Finally, Blue Trust Inc. boosted its position in PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company's stock valued at $68,000 after buying an additional 2,027 shares during the period. Institutional investors own 96.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of PBF Energy from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, November 1st. BMO Capital Markets cut shares of PBF Energy from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $42.00 to $35.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $53.00 to $40.00 in a report on Wednesday, October 2nd. Piper Sandler lowered PBF Energy from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Finally, Scotiabank dropped their target price on PBF Energy from $45.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Six analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $33.09.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital acquired 85,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $28.37 per share, with a total value of $2,411,450.00. Following the acquisition, the insider now directly owns 26,197,498 shares of the company's stock, valued at approximately $743,223,018.26. The trade was a 0.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought 3,568,100 shares of company stock worth $111,183,331 in the last 90 days. Insiders own 5.30% of the company's stock.

PBF Energy Stock Down 5.0 %

NYSE PBF traded down $1.40 during trading on Wednesday, hitting $26.52. The company's stock had a trading volume of 3,147,221 shares, compared to its average volume of 2,146,950. PBF Energy Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The company has a market cap of $3.05 billion, a PE ratio of -10.24 and a beta of 1.57. The business's 50 day simple moving average is $31.06 and its 200-day simple moving average is $35.58.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results 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 company had revenue of $8.38 billion for 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 firm's revenue for the quarter was down 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.61 EPS. On average, equities analysts anticipate that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.15%. This is an increase from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. PBF Energy's dividend payout ratio is presently -42.47%.

PBF Energy Company 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.