Versor Investments LP Takes Position in PBF Energy Inc. (NYSE:PBF)

Versor Investments LP acquired a new position in PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,600 shares of the oil and gas company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its position in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,056 shares during the last quarter. Quarry LP acquired a new position in shares of PBF Energy in the third quarter worth approximately $48,000. Harbor Capital Advisors Inc. bought a new stake in PBF Energy in the third quarter valued at approximately $59,000. Golden State Wealth Management LLC acquired a new stake in PBF Energy during the 4th quarter valued at approximately $61,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in PBF Energy during the 4th quarter valued at approximately $68,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 40,000 shares of PBF Energy stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the purchase, the insider now directly owns 29,355,998 shares in the company, valued at $806,409,265.06. The trade was a 0.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 1,062,500 shares of company stock valued at $28,442,290. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PBF. UBS Group dropped their price target on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company cut their price target on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. TD Cowen lowered PBF Energy from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. The Goldman Sachs Group cut their target price on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.55.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $20.59 on Wednesday. The stock’s 50 day moving average is $26.84 and its 200-day moving average is $29.81. PBF Energy Inc. has a twelve month low of $19.51 and a twelve month 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. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -4.37 and a beta of 1.60.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. Sell-side analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.34%. PBF Energy’s payout ratio is -23.35%.

PBF Energy 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.