Next Level Private LLC Has $2.06 Million Stake in PBF Energy Inc. $PBF

Next Level Private LLC grew its holdings in PBF Energy Inc. (NYSE:PBF) by 212.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,282 shares of the oil and gas company’s stock after purchasing an additional 45,044 shares during the period. Next Level Private LLC’s holdings in PBF Energy were worth $2,055,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in PBF Energy by 761.0% in the second 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 in the last quarter. UMB Bank n.a. increased its position in 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 acquiring an additional 801 shares during the period. SBI Securities Co. Ltd. raised 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 valued at $45,000 after acquiring an additional 818 shares in the last quarter. Farther Finance Advisors LLC lifted its position in PBF Energy by 25.0% in the second quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 522 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of PBF Energy by 261.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,354 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, SVP Trecia M. Canty sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $36.44, for a total value of $1,822,000.00. Following the completion of the sale, the senior vice president owned 200,744 shares of the company’s stock, valued at approximately $7,315,111.36. This trade represents a 19.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Nimbley sold 250,000 shares of PBF Energy stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $34.51, for a total value of $8,627,500.00. Following the transaction, the director owned 790,716 shares of the company’s stock, valued at $27,287,609.16. This trade represents a 24.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 429,624 shares of company stock valued at $15,534,465. 5.30% of the stock is owned by corporate insiders.

PBF Energy Stock Up 14.0%

PBF stock opened at $32.19 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.73 billion, a PE ratio of -6.92, a price-to-earnings-growth ratio of 0.91 and a beta of 0.47. The business has a 50-day simple moving average of $32.21 and a 200 day simple moving average of $28.74. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47.

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

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, November 14th. PBF Energy’s dividend payout ratio is currently -23.66%.

Analysts Set New Price Targets

PBF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Piper Sandler raised shares of PBF Energy from an “underweight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday. Morgan Stanley set a $27.00 price objective on shares of PBF Energy and gave the stock an “underweight” rating in a research note on Friday, October 3rd. Wolfe Research lowered PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research report on Monday, December 8th. Finally, Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $38.00 in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $29.57.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.