PBF Energy Inc. (NYSE:PBF) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 75.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,438 shares of the oil and gas company's stock after selling 34,291 shares during the quarter. XTX Topco Ltd's holdings in PBF Energy were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PBF. Barclays PLC boosted its stake in PBF Energy by 27.1% during the 4th quarter. Barclays PLC now owns 275,338 shares of the oil and gas company's stock worth $7,309,000 after purchasing an additional 58,691 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of PBF Energy by 783.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock worth $84,000 after buying an additional 2,804 shares in the last quarter. Covestor Ltd boosted its position in PBF Energy by 36.3% during the fourth quarter. Covestor Ltd now owns 3,788 shares of the oil and gas company's stock worth $101,000 after acquiring an additional 1,008 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in PBF Energy during the 4th quarter valued at about $1,654,000. Finally, Legal & General Group Plc raised its holdings in PBF Energy by 3.0% in the 4th quarter. Legal & General Group Plc now owns 179,283 shares of the oil and gas company's stock valued at $4,760,000 after acquiring an additional 5,184 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Trading Up 4.8 %

NYSE PBF traded up $0.79 on Monday, reaching $17.09. The stock had a trading volume of 2,907,743 shares, compared to its average volume of 2,404,746. 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 fifty day moving average price of $18.83 and a two-hundred day moving average price of $25.71. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $58.17. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -3.63 and a beta of 1.15.

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

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 6.44%. The ex-dividend date was Thursday, February 27th. PBF Energy's payout ratio is currently -23.35%.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 15,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the acquisition, the insider now directly owns 30,774,998 shares in the company, valued at $444,390,971.12. This trade represents a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 627,000 shares of company stock worth $14,602,580 in the last ninety days. 5.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PBF has been the topic of several recent research reports. Morgan Stanley lowered their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group cut their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Piper Sandler lowered their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, March 7th. Finally, Scotiabank cut their price objective on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.45.

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.