XTX Topco Ltd Takes $1.42 Million Position in PBF Energy Inc. (NYSE:PBF)

XTX Topco Ltd acquired a new stake in PBF Energy Inc. (NYSE:PBF - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,729 shares of the oil and gas company's stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PBF. Dakota Wealth Management acquired a new stake in shares of PBF Energy during the third quarter valued at about $694,000. Intech Investment Management LLC boosted its holdings in PBF Energy by 165.9% in 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 during the last quarter. State of New Jersey Common Pension Fund D grew its stake in PBF Energy by 44.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company's stock valued at $1,839,000 after purchasing an additional 18,173 shares in the last quarter. Symmetry Investments LP purchased a new stake in PBF Energy during the 2nd quarter worth approximately $2,464,000. Finally, Bridgewater Associates LP increased its holdings in PBF Energy by 40.5% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital bought 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average price of $30.82 per share, for a total transaction of $9,246,000.00. Following the transaction, the insider now directly owns 27,863,498 shares of the company's stock, valued at approximately $858,753,008.36. This represents a 1.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 4,238,100 shares of company stock worth $132,147,631 in the last three months. 6.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBF. Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. BMO Capital Markets lowered shares of PBF Energy from an "outperform" rating to a "market perform" rating and cut their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. UBS Group decreased their price target on PBF Energy from $57.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Finally, Mizuho cut their price objective on PBF Energy from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $33.73.

PBF Energy Stock Performance

PBF stock traded up $0.31 during mid-day trading on Monday, reaching $30.53. The company had a trading volume of 1,764,809 shares, compared to its average volume of 2,152,455. The stock's 50-day simple moving average is $31.43 and its two-hundred day simple moving average is $36.34. The stock has a market capitalization of $3.51 billion, a P/E ratio of -11.79 and a beta of 1.57. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a one year low of $27.94 and a one year high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data 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). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the business earned $6.61 earnings per share. The company's revenue for the quarter was down 21.9% compared to the same quarter last year. Research analysts anticipate that PBF Energy Inc. will post -2.86 EPS for the current year.

PBF Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.60%. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. PBF Energy's dividend payout ratio is -42.47%.

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.