PBF Energy Inc. (NYSE:PBF) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 712,916 shares of the oil and gas company's stock after purchasing an additional 13,573 shares during the period. William Blair Investment Management LLC owned approximately 0.62% of PBF Energy worth $18,928,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Counterpoint Mutual Funds LLC increased its position in shares of PBF Energy by 46.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 11,964 shares of the oil and gas company's stock valued at $318,000 after acquiring an additional 3,799 shares during the period. Cibc World Markets Corp acquired a new position in shares of PBF Energy in the fourth quarter valued at about $249,000. First Eagle Investment Management LLC raised its stake in shares of PBF Energy by 16.6% in the fourth quarter. First Eagle Investment Management LLC now owns 449,017 shares of the oil and gas company's stock worth $11,921,000 after purchasing an additional 64,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after purchasing an additional 614 shares during the period. Finally, HighTower Advisors LLC increased its holdings in PBF Energy by 54.2% in the 4th quarter. HighTower Advisors LLC now owns 22,267 shares of the oil and gas company's stock worth $591,000 after buying an additional 7,825 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

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Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the completion of the transaction, the insider now owns 29,355,998 shares in the company, valued at $806,409,265.06. This represents a 0.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 721,000 shares of company stock valued at $19,269,600. Corporate insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

PBF has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Morgan Stanley reduced their price objective on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Piper Sandler lowered their target price on PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, March 7th. Finally, UBS Group reduced their price target on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, PBF Energy currently has an average rating of "Hold" and an average price target of $27.36.

PBF Energy Price Performance

Shares of NYSE PBF traded down $1.11 during midday trading on Monday, hitting $19.65. The stock had a trading volume of 3,609,062 shares, compared to its average volume of 2,093,595. 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 50 day simple moving average of $25.39 and a 200-day simple moving average of $28.64. The company has a market capitalization of $2.27 billion, a PE ratio of -4.17 and a beta of 1.62. PBF Energy Inc. has a 1 year low of $18.97 and a 1 year high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.25 billion. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.60%. PBF Energy's payout ratio is presently -23.35%.

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.