Versor Investments LP Purchases New Position in PBF Energy Inc. $PBF

Versor Investments LP bought a new stake in PBF Energy Inc. (NYSE:PBF) during the 2nd quarter, Holdings Channel reports. The firm bought 11,200 shares of the oil and gas company’s stock, valued at approximately $243,000.

Several other hedge funds have also added to or reduced their stakes in PBF. Farther Finance Advisors LLC grew its holdings in PBF Energy by 25.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 522 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of PBF Energy by 4.2% in the second quarter. Teacher Retirement System of Texas now owns 13,220 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 527 shares during the period. Signaturefd LLC grew its stake in shares of PBF Energy by 8.1% in the second quarter. Signaturefd LLC now owns 8,872 shares of the oil and gas company’s stock valued at $192,000 after acquiring an additional 664 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in PBF Energy by 2.8% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 29,589 shares of the oil and gas company’s stock worth $565,000 after acquiring an additional 795 shares during the period. Finally, UMB Bank n.a. raised its stake in PBF Energy by 67.2% in the 2nd 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 in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Up 4.3%

NYSE PBF opened at $36.85 on Friday. The business has a fifty day moving average price of $30.63 and a two-hundred day moving average price of $24.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $38.49. The stock has a market capitalization of $4.26 billion, a PE ratio of -7.92 and a beta of 0.79.

PBF Energy (NYSE:PBF) last released its quarterly earnings data 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 business had revenue of $7.65 billion for 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 was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.50) earnings per share. Equities analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.0%. PBF Energy’s dividend payout ratio is currently -23.66%.

Insider Transactions at PBF Energy

In other PBF Energy news, Director Thomas J. Nimbley sold 250,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 790,716 shares of the company’s stock, valued at $27,287,609.16. The trade was a 24.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Connor Thomas L. O sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $34.00, for a total transaction of $1,020,000.00. Following the completion of the transaction, the senior vice president owned 207,984 shares of the company’s stock, valued at approximately $7,071,456. This trade represents a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 331,048 shares of company stock worth $11,390,041. 5.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PBF. TD Cowen raised their target price on shares of PBF Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Friday, October 31st. Scotiabank increased their price target on PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Tudor Pickering cut PBF Energy from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Mizuho upped their target price on PBF Energy from $23.00 to $26.00 and gave the company an “underperform” rating in a research report on Monday, September 15th. Finally, Bank of America increased their target price on PBF Energy from $16.00 to $21.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Sell” and an average price target of $27.83.

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.