PBF Energy Inc. (NYSE:PBF) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 391.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,540,000 shares of the oil and gas company’s stock after acquiring an additional 1,226,909 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PBF Energy were worth $47,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in PBF Energy by 32.9% during the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after purchasing an additional 347,268 shares during the last quarter. LSV Asset Management increased its position in shares of PBF Energy by 2.7% in the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock worth $59,409,000 after acquiring an additional 34,470 shares in the last quarter. American Century Companies Inc. increased its position in shares of PBF Energy by 3.4% in the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock worth $45,712,000 after acquiring an additional 32,862 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of PBF Energy by 132.6% in the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after acquiring an additional 492,053 shares in the last quarter. Finally, Private Management Group Inc. increased its position in shares of PBF Energy by 27.5% in the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after acquiring an additional 183,183 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital bought 510,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $33.18 per share, with a total value of $16,921,800.00. Following the purchase, the insider now owns 19,129,598 shares in the company, valued at approximately $634,720,061.64. This represents a 2.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have purchased 4,649,400 shares of company stock valued at $147,107,697. Company insiders own 6.20% of the company’s stock.

PBF Energy Trading Down 0.6 %

PBF Energy stock opened at $31.39 on Thursday. The firm’s 50-day moving average is $31.49 and its 200-day moving average is $37.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. PBF Energy Inc. has a 1 year low of $27.94 and a 1 year high of $62.88. The company has a market cap of $3.61 billion, a P/E ratio of -12.12 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The firm’s revenue was down 21.9% on a year-over-year basis. During the same period last year, the business earned $6.61 EPS. On average, equities analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.275 per share. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.50%. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Mizuho decreased their target price on shares of PBF Energy from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Morgan Stanley decreased their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company decreased their target price on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.18.

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.