Fox Run Management L.L.C. Boosts Stake in PBF Energy Inc. (NYSE:PBF)

Fox Run Management L.L.C. raised its position in PBF Energy Inc. (NYSE:PBF) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,264 shares of the oil and gas company’s stock after buying an additional 7,171 shares during the period. Fox Run Management L.L.C.’s holdings in PBF Energy were worth $1,494,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. boosted its position in PBF Energy by 2.6% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company’s stock worth $375,000 after purchasing an additional 364 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of PBF Energy by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock worth $1,084,000 after buying an additional 459 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after buying an additional 585 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after buying an additional 614 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PBF Energy by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock worth $782,000 after buying an additional 620 shares during 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 purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average price of $28.62 per share, with a total value of $2,862,000.00. Following the acquisition, the insider now directly owns 28,984,998 shares of the company’s stock, valued at approximately $829,550,642.76. This represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 721,000 shares of company stock valued at $19,269,600 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PBF shares. Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. Piper Sandler reduced their price objective on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. UBS Group lowered their target price on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and a consensus price target of $27.36.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $20.78 on Friday. The company has a 50 day moving average of $25.39 and a 200 day moving average of $28.70. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.40 billion, a P/E ratio of -4.41 and a beta of 1.62. PBF Energy Inc. has a 12 month low of $18.97 and a 12 month high of $62.88.

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

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.29%. PBF Energy’s dividend payout ratio is currently -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.