Foundry Partners LLC Invests $3.66 Million in PBF Energy Inc. (NYSE:PBF)

Foundry Partners LLC acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,358 shares of the oil and gas company’s stock, valued at approximately $3,664,000.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Bancorp grew its stake in PBF Energy by 39.8% in the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 230 shares during the period. C M Bidwell & Associates Ltd. grew its position in shares of PBF Energy by 6.7% in the third quarter. C M Bidwell & Associates Ltd. now owns 4,875 shares of the oil and gas company’s stock valued at $261,000 after purchasing an additional 305 shares during the period. Los Angeles Capital Management LLC grew its position in shares of PBF Energy by 0.6% in the third quarter. Los Angeles Capital Management LLC now owns 60,077 shares of the oil and gas company’s stock valued at $3,216,000 after purchasing an additional 366 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in PBF Energy by 2.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock valued at $986,000 after purchasing an additional 514 shares during the last quarter. Finally, Diversified Trust Co lifted its position in PBF Energy by 10.8% during the fourth quarter. Diversified Trust Co now owns 5,464 shares of the oil and gas company’s stock worth $240,000 after buying an additional 532 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the transaction, the senior vice president now owns 110,978 shares in the company, valued at approximately $6,255,829.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the sale, the senior vice president now owns 110,978 shares in the company, valued at approximately $6,255,829.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now owns 160,338 shares in the company, valued at $8,829,813.66. The disclosure for this sale can be found here. In the last three months, insiders sold 180,000 shares of company stock valued at $10,074,600. Corporate insiders own 6.20% of the company’s stock.

PBF Energy Trading Up 1.1 %

Shares of PBF opened at $56.54 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81. PBF Energy Inc. has a 12 month low of $31.25 and a 12 month high of $62.88. The stock has a market cap of $6.76 billion, a PE ratio of 3.44 and a beta of 1.73. The stock’s 50-day moving average is $53.93 and its two-hundred day moving average is $48.45.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.65 billion. During the same period last year, the firm posted $4.41 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. Equities analysts forecast that PBF Energy Inc. will post 7.21 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. PBF Energy’s dividend payout ratio (DPR) is presently 6.08%.

Analyst Ratings Changes

Several analysts have commented on the company. Citigroup started coverage on PBF Energy in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Scotiabank boosted their target price on shares of PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. TD Cowen increased their price target on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $74.00 in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price objective on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, PBF Energy has an average rating of “Hold” and an average target price of $57.55.

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.