PBF Energy Inc. (NYSE:PBF) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in PBF Energy Inc. (NYSE:PBF) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 11,700,449 shares of the oil and gas company’s stock after acquiring an additional 69,422 shares during the quarter. Vanguard Group Inc. owned about 0.10% of PBF Energy worth $514,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PBF. Norges Bank acquired a new stake in PBF Energy in the 4th quarter valued at approximately $54,832,000. FMR LLC boosted its stake in PBF Energy by 91.3% during the 3rd quarter. FMR LLC now owns 904,537 shares of the oil and gas company’s stock valued at $48,420,000 after purchasing an additional 431,801 shares in the last quarter. LSV Asset Management boosted its stake in PBF Energy by 20.4% during the 4th quarter. LSV Asset Management now owns 1,274,904 shares of the oil and gas company’s stock valued at $56,045,000 after purchasing an additional 216,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PBF Energy by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,381,349 shares of the oil and gas company’s stock valued at $324,487,000 after purchasing an additional 120,414 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in PBF Energy by 4,296.0% during the 4th quarter. International Assets Investment Management LLC now owns 120,670 shares of the oil and gas company’s stock valued at $5,305,000 after purchasing an additional 117,925 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $44.71 on Wednesday. The stock has a market cap of $5.30 billion, a PE ratio of 3.09 and a beta of 1.63. The business has a fifty day simple moving average of $49.29 and a 200-day simple moving average of $49.45. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. PBF Energy Inc. has a 12 month low of $39.08 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.62 by $0.24. The business had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. On average, sell-side analysts anticipate that PBF Energy Inc. will post 6.06 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 84,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $44.96 per share, for a total transaction of $3,776,640.00. Following the completion of the acquisition, the insider now owns 14,429,198 shares in the company, valued at $648,736,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 1,849,100 shares of company stock valued at $82,021,597 over the last quarter. Company insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PBF. Wells Fargo & Company decreased their price target on PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Scotiabank increased their price target on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Bank of America raised PBF Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Piper Sandler reduced their price objective on PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Finally, TD Cowen reduced their price objective on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.82.

About PBF Energy

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.