Bailard Inc. Purchases 1,300 Shares of PBF Energy Inc. (NYSE:PBF)

Bailard Inc. boosted its position in PBF Energy Inc. (NYSE:PBF) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,900 shares of the oil and gas company’s stock after buying an additional 1,300 shares during the quarter. Bailard Inc.’s holdings in PBF Energy were worth $611,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in PBF Energy by 39.8% in the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 230 shares during the period. Fortitude Family Office LLC acquired a new position in PBF Energy in the fourth quarter valued at about $44,000. DekaBank Deutsche Girozentrale acquired a new position in PBF Energy in the fourth quarter valued at about $73,000. Headlands Technologies LLC acquired a new position in PBF Energy in the third quarter valued at about $101,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in PBF Energy in the third quarter valued at about $107,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Stock Up 0.5 %

Shares of PBF Energy stock opened at $57.78 on Friday. The business’s 50 day simple moving average is $54.44 and its 200 day simple moving average is $48.75. PBF Energy Inc. has a 52-week low of $31.25 and a 52-week high of $62.88. The firm has a market cap of $6.91 billion, a PE ratio of 3.51 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. During the same period in the prior year, the business posted $4.41 EPS. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, analysts predict that PBF Energy Inc. will post 7.39 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s dividend payout ratio is presently 6.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PBF shares. JPMorgan Chase & Co. raised their price target on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $53.00 to $58.00 in a research report on Friday, March 22nd. Citigroup started coverage on PBF Energy in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Wells Fargo & Company raised their price target on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler raised their price target on PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, PBF Energy has an average rating of “Hold” and a consensus target price of $57.55.

Insider Buying and Selling at PBF Energy

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 value of $5,637,000.00. Following the completion of the transaction, the senior vice president now directly owns 110,978 shares in the company, valued at $6,255,829.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $5,637,000.00. Following the completion of the transaction, the senior vice president now directly owns 110,978 shares in the company, valued at $6,255,829.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total value of $2,234,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares of the company’s stock, valued at $8,958,084.06. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock worth $10,074,600 over the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

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.