Counterpoint Mutual Funds LLC Purchases 3,799 Shares of PBF Energy Inc. (NYSE:PBF)

Counterpoint Mutual Funds LLC boosted its position in shares of PBF Energy Inc. (NYSE:PBF) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,964 shares of the oil and gas company’s stock after acquiring an additional 3,799 shares during the period. Counterpoint Mutual Funds LLC’s holdings in PBF Energy were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after buying an additional 392,776 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in PBF Energy during the 3rd quarter valued at approximately $2,404,000. Intech Investment Management LLC grew its holdings in PBF Energy by 165.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock valued at $1,427,000 after buying an additional 28,770 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings 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 buying an additional 18,173 shares in the last quarter. Finally, Bridgewater Associates LP grew 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 valued at $2,896,000 after buying an additional 26,952 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Up 7.4 %

Shares of PBF opened at $22.29 on Tuesday. The company has a market cap of $2.57 billion, a PE ratio of -4.73 and a beta of 1.62. The business has a fifty day moving average of $25.84 and a 200 day moving average of $28.98. PBF Energy Inc. has a 52-week low of $18.97 and a 52-week high of $62.88. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last issued 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). The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 4.94%. PBF Energy’s dividend payout ratio (DPR) is -23.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PBF shares. Wells Fargo & Company cut their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their price objective on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Morgan Stanley cut their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen cut their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, March 11th. Finally, Piper Sandler cut their target price on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.36.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the transaction, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders acquired 1,062,500 shares of company stock worth $28,442,290. 5.30% of the stock is currently owned by insiders.

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.