Callan Family Office LLC Takes Position in PBF Energy Inc. (NYSE:PBF)

Callan Family Office LLC acquired a new stake in PBF Energy Inc. (NYSE:PBF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,256 shares of the oil and gas company’s stock, valued at approximately $219,000.

Several other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in shares of PBF Energy by 27.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 573 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of PBF Energy by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 543 shares during the last quarter. Covestor Ltd lifted its stake in shares of PBF Energy by 64.6% during the 3rd quarter. Covestor Ltd now owns 2,780 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,091 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of 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 worth $1,839,000 after acquiring an additional 18,173 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of PBF Energy by 76.8% during the 3rd quarter. GSA Capital Partners LLP now owns 44,618 shares of the oil and gas company’s stock worth $1,381,000 after acquiring an additional 19,375 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital bought 341,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $26.86 per share, for a total transaction of $9,172,690.00. Following the purchase, the insider now directly owns 28,814,998 shares in the company, valued at $773,970,846.28. This represents a 1.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have purchased 1,062,500 shares of company stock worth $28,442,290. 5.30% of the stock is currently owned by company insiders.

PBF Energy Trading Down 3.4 %

Shares of NYSE:PBF opened at $20.12 on Wednesday. PBF Energy Inc. has a 12-month low of $18.97 and a 12-month high of $62.88. The business’s fifty day simple moving average is $26.33 and its 200-day simple moving average is $29.32. The company has a market capitalization of $2.32 billion, a PE ratio of -4.27 and a beta of 1.62. 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) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) 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 company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. As a group, equities research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a $0.275 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.47%. PBF Energy’s dividend payout ratio is presently -23.35%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PBF. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. The Goldman Sachs Group decreased their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen decreased their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday. Wells Fargo & Company reduced their price objective on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $28.55.

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.