PBF Energy Inc. $PBF Stock Holdings Lifted by Activest Wealth Management

Activest Wealth Management raised its position in PBF Energy Inc. (NYSE:PBF) by 199,900.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the oil and gas company’s stock after purchasing an additional 1,999 shares during the quarter. Activest Wealth Management’s holdings in PBF Energy were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Allworth Financial LP grew its stake in PBF Energy by 194.3% in the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 1,090 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in PBF Energy in the first quarter valued at about $35,000. Neo Ivy Capital Management purchased a new position in PBF Energy in the first quarter valued at about $37,000. Finally, Parallel Advisors LLC raised its holdings in PBF Energy by 80.4% during the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $27.36 on Friday. The business has a 50 day moving average price of $24.00 and a 200 day moving average price of $21.12. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $34.49. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -3.18 and a beta of 0.92. The company has a quick ratio of 0.55, a current ratio of 1.31 and a debt-to-equity ratio of 0.46.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, beating the consensus estimate of ($1.19) by $0.16. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the prior year, the company earned ($0.54) EPS. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. 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 was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, August 14th. PBF Energy’s payout ratio is currently -12.81%.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of analyst reports. UBS Group raised PBF Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Piper Sandler reissued an “underweight” rating and set a $22.00 price objective (up previously from $21.00) on shares of PBF Energy in a report on Monday, August 4th. Morgan Stanley increased their price objective on PBF Energy from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Mizuho increased their price objective on PBF Energy from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company increased their price objective on PBF Energy from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $25.17.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 48,500 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $17.99 per share, with a total value of $872,515.00. Following the acquisition, the insider directly owned 30,823,498 shares in the company, valued at approximately $554,514,729.02. The trade was a 0.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.30% of the stock is currently owned by company insiders.

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.