EntryPoint Capital LLC Purchases New Position in PBF Energy Inc. (NYSE:PBF)

EntryPoint Capital LLC acquired a new stake in PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,031 shares of the oil and gas company’s stock, valued at approximately $213,000.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of PBF Energy by 132.6% during the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares in the last quarter. Van ECK Associates Corp raised its position in PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after buying an additional 392,776 shares during the last quarter. Recurrent Investment Advisors LLC bought a new position in PBF Energy during the 3rd quarter valued at about $11,516,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of PBF Energy during the 3rd quarter valued at about $10,506,000. Finally, Private Management Group Inc. grew its stake in shares of PBF Energy by 24.6% in the fourth quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock worth $28,071,000 after acquiring an additional 208,599 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 155,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the transaction, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. The trade was a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 651,000 shares of company stock worth $17,480,400. 5.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PBF shares. Morgan Stanley dropped their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group reduced their price target on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus price target of $26.36.

PBF Energy Stock Performance

PBF opened at $18.98 on Friday. The company has a 50 day simple moving average of $24.28 and a two-hundred day simple moving average of $28.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The firm has a market cap of $2.19 billion, a P/E ratio of -4.03 and a beta of 1.62. PBF Energy Inc. has a 1-year low of $18.82 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last issued its earnings results 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). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. Equities analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Thursday, February 27th. 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.