Fieldview Capital Management LLC Increases Holdings in PBF Energy Inc. $PBF

Fieldview Capital Management LLC lifted its position in shares of PBF Energy Inc. (NYSE:PBF) by 548.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,873 shares of the oil and gas company’s stock after buying an additional 69,241 shares during the period. Fieldview Capital Management LLC’s holdings in PBF Energy were worth $2,220,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Dockside LLC purchased a new position in PBF Energy in the 4th quarter worth approximately $503,000. Barclays PLC increased its stake in PBF Energy by 24.6% in the 4th quarter. Barclays PLC now owns 362,977 shares of the oil and gas company’s stock worth $9,844,000 after purchasing an additional 71,591 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in PBF Energy by 72.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,084,900 shares of the oil and gas company’s stock worth $56,542,000 after purchasing an additional 872,532 shares during the period. Kestra Advisory Services LLC purchased a new position in PBF Energy in the 4th quarter worth approximately $87,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in PBF Energy by 1.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 59,519 shares of the oil and gas company’s stock worth $1,615,000 after purchasing an additional 722 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on PBF shares. Mizuho lifted their price target on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group started coverage on PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 price target on the stock. Wall Street Zen cut PBF Energy from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Scotiabank lifted their price target on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, TD Cowen decreased their price target on PBF Energy from $41.00 to $36.00 and set a “sell” rating on the stock in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $36.46.

Insider Activity

In other news, insider Control Empresarial De Capital sold 1,100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the transaction, the insider directly owned 22,996,898 shares of the company’s stock, valued at approximately $1,062,686,656.58. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 6,937,425 shares of company stock worth $330,088,879 over the last 90 days. 5.50% of the stock is currently owned by insiders.

PBF Energy Price Performance

PBF opened at $41.81 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. PBF Energy Inc. has a 52-week low of $20.61 and a 52-week high of $52.18. The stock has a market capitalization of $4.95 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.15 and a beta of 0.12. The stock’s 50 day moving average price is $41.59 and its 200-day moving average price is $37.38.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the firm posted ($3.53) earnings per share. PBF Energy’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts predict that PBF Energy Inc. will post 6.91 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. PBF Energy’s payout ratio is 29.65%.

PBF Energy Profile

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.