BNP Paribas Financial Markets Has $26.72 Million Stock Holdings in PBF Energy Inc. (NYSE:PBF)

BNP Paribas Financial Markets grew its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 132.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 863,228 shares of the oil and gas company’s stock after buying an additional 492,053 shares during the quarter. BNP Paribas Financial Markets owned 0.75% of PBF Energy worth $26,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBF. Acadian Asset Management LLC boosted its stake in PBF Energy by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after purchasing an additional 347,268 shares during the last quarter. LSV Asset Management boosted its position in shares of PBF Energy by 2.7% during the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock valued at $59,409,000 after buying an additional 34,470 shares during the last quarter. American Century Companies Inc. grew its holdings in PBF Energy by 3.4% during 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 buying an additional 32,862 shares in the last quarter. Private Management Group Inc. raised its position in PBF Energy by 27.5% in the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock valued at $26,267,000 after buying an additional 183,183 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in PBF Energy by 14.8% during the 2nd quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after acquiring an additional 84,532 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 57,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $31.70 per share, for a total transaction of $1,806,900.00. Following the completion of the transaction, the insider now owns 26,739,498 shares of the company’s stock, valued at $847,642,086.60. The trade was a 0.21 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 4,649,400 shares of company stock worth $147,107,697 over the last 90 days. Corporate insiders own 5.30% of the company’s stock.

PBF Energy Stock Up 0.3 %

PBF stock opened at $31.49 on Friday. The stock has a fifty day moving average of $31.43 and a 200-day moving average of $37.28. PBF Energy Inc. has a fifty-two week low of $27.94 and a fifty-two week high of $62.88. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -12.16 and a beta of 1.56. 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 (NYSE:PBF) last issued its earnings results 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). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the business earned $6.61 EPS. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year. As a group, equities research analysts predict that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued 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 of this dividend was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.49%. PBF Energy’s payout ratio is presently -42.47%.

Analyst Ratings Changes

Several analysts have recently commented on PBF shares. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Wells Fargo & Company dropped their target price on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Finally, Scotiabank cut their price objective on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.