iSAM Funds UK Ltd Makes New $514,000 Investment in PBF Energy Inc. $PBF

iSAM Funds UK Ltd acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,727 shares of the oil and gas company’s stock, valued at approximately $514,000.

Several other hedge funds have also recently made changes to their positions in PBF. MassMutual Private Wealth & Trust FSB lifted its position in PBF Energy by 761.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 1,248 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of PBF Energy in the first quarter worth about $35,000. UMB Bank n.a. lifted its holdings in shares of PBF Energy by 67.2% during the second quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 801 shares during the period. Activest Wealth Management boosted its position in PBF Energy by 199,900.0% in the first quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,999 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in PBF Energy by 66.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,054 shares of the oil and gas company’s stock worth $45,000 after buying an additional 818 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PBF Energy news, Director Thomas J. Nimbley sold 250,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.51, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director directly owned 790,716 shares in the company, valued at approximately $27,287,609.16. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Steven John Andriola sold 1,048 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.39, for a total transaction of $36,040.72. Following the transaction, the chief accounting officer directly owned 20,974 shares in the company, valued at approximately $721,295.86. The trade was a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 507,045 shares of company stock worth $18,193,421. Insiders own 5.30% of the company’s stock.

PBF Energy Trading Up 1.0%

Shares of PBF Energy stock opened at $31.77 on Thursday. The firm has a 50-day simple moving average of $33.44 and a two-hundred day simple moving average of $27.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The company has a market cap of $3.68 billion, a P/E ratio of -6.83 and a beta of 0.42.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.17. The firm had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.PBF Energy’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.50) EPS. As a group, equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. PBF Energy’s dividend payout ratio is presently -23.66%.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of PBF Energy from $23.00 to $26.00 and gave the company an “underperform” rating in a research note on Monday, September 15th. UBS Group boosted their target price on shares of PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price target on the stock. in a research report on Monday, September 15th. Bank of America lifted their price objective on PBF Energy from $16.00 to $21.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group boosted their price objective on PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and ten have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus target price of $28.46.

About PBF Energy

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.