Wealthfront Advisers LLC Buys Shares of 170,060 PBF Energy Inc. (NYSE:PBF)

Wealthfront Advisers LLC acquired a new position in PBF Energy Inc. (NYSE:PBF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 170,060 shares of the oil and gas company's stock, valued at approximately $4,515,000. Wealthfront Advisers LLC owned about 0.15% of PBF Energy at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its position in PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP bought a new position in shares of PBF Energy during the 3rd quarter valued at about $48,000. Golden State Wealth Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at about $61,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in PBF Energy in the 4th quarter worth approximately $68,000. Finally, Spire Wealth Management lifted its position in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $71,000 after buying an additional 585 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PBF shares. Wells Fargo & Company decreased their price target on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley decreased their target price on shares of PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday. Piper Sandler cut 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. TD Cowen decreased their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group lowered their target price on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, PBF Energy has an average rating of "Hold" and an average price target of $27.36.

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PBF Energy Trading Up 7.4 %

NYSE PBF traded up $1.55 on Monday, hitting $22.29. The company's stock had a trading volume of 2,633,804 shares, compared to its average volume of 2,089,751. The firm has a market cap of $2.57 billion, a P/E ratio of -4.73 and a beta of 1.62. PBF Energy Inc. has a 52-week low of $18.97 and a 52-week high of $62.88. The company's 50-day simple moving average is $25.93 and its 200 day simple moving average is $29.05. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly 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 analysts' expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. Research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 4.94%. PBF Energy's dividend payout ratio (DPR) is presently -23.35%.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital acquired 341,500 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $26.86 per share, for a total transaction of $9,172,690.00. Following the completion of the acquisition, the insider now owns 28,814,998 shares in the company, valued at $773,970,846.28. This trade represents a 1.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 1,062,500 shares of company stock valued at $28,442,290. 5.30% of the stock is currently owned by corporate 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.