ProShare Advisors LLC Has $872,000 Stock Position in PBF Energy Inc. (NYSE:PBF)

ProShare Advisors LLC boosted its position in shares of PBF Energy Inc. (NYSE:PBF) by 37.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,839 shares of the oil and gas company’s stock after purchasing an additional 8,870 shares during the period. ProShare Advisors LLC’s holdings in PBF Energy were worth $872,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in shares of PBF Energy by 150.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after buying an additional 1,272,254 shares during the last quarter. American Century Companies Inc. lifted its position in shares of PBF Energy by 11.2% in the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company’s stock worth $49,532,000 after buying an additional 187,351 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PBF Energy by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock worth $39,634,000 after buying an additional 78,045 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after buying an additional 562,287 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of PBF Energy by 3.8% in the fourth quarter. Northern Trust Corp now owns 1,378,956 shares of the oil and gas company’s stock worth $36,611,000 after buying an additional 50,541 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Trading Down 1.7%

Shares of PBF opened at $20.32 on Friday. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $49.87. 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 $2.35 billion, a price-to-earnings ratio of -4.31 and a beta of 0.76. The stock’s 50-day moving average price is $18.14 and its 200 day moving average price is $24.21.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.50) by $0.41. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. As a group, research analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 annualized dividend and a yield of 5.41%. PBF Energy’s dividend payout ratio is -12.09%.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of analyst reports. UBS Group raised PBF Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Piper Sandler dropped their price objective on PBF Energy from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on PBF Energy from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Scotiabank dropped their price objective on PBF Energy from $25.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group dropped their price objective on PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.91.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital acquired 155,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the acquisition, the insider now owns 30,249,998 shares of the company’s stock, valued at $611,049,959.60. This trade represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 331,000 shares of company stock worth $6,075,180 over the last three months. Company insiders own 5.30% of the company’s stock.

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.