FNY Investment Advisers LLC Acquires 3,000 Shares of PBF Energy Inc. (NYSE:PBF)

FNY Investment Advisers LLC lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 27.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the oil and gas company’s stock after acquiring an additional 3,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in PBF Energy were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBF. Moneta Group Investment Advisors LLC bought a new position in shares of PBF Energy during the fourth quarter valued at approximately $412,454,000. Norges Bank bought a new position in shares of PBF Energy during the fourth quarter valued at approximately $43,996,000. Vanguard Group Inc. raised its holdings in shares of PBF Energy by 9.6% during the first quarter. Vanguard Group Inc. now owns 12,265,760 shares of the oil and gas company’s stock valued at $298,916,000 after acquiring an additional 1,077,287 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of PBF Energy by 44.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,004,478 shares of the oil and gas company’s stock valued at $122,523,000 after acquiring an additional 931,301 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of PBF Energy by 253.1% during the first quarter. AQR Capital Management LLC now owns 1,156,262 shares of the oil and gas company’s stock valued at $49,569,000 after acquiring an additional 828,787 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

PBF Energy Stock Down 1.7 %

Shares of NYSE PBF traded down $0.94 during trading on Friday, reaching $53.88. The company had a trading volume of 4,046,346 shares, compared to its average volume of 2,325,245. PBF Energy Inc. has a 12-month low of $27.00 and a 12-month high of $55.42. The stock has a market cap of $6.66 billion, a PE ratio of 2.25 and a beta of 1.92. The business’s 50-day moving average is $46.98 and its 200 day moving average is $42.16. The company has a quick ratio of 0.81, a current ratio of 1.47 and a debt-to-equity ratio of 0.24.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.22 by $0.07. PBF Energy had a return on equity of 42.15% and a net margin of 7.36%. The company had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $8.93 billion. During the same period last year, the firm posted $10.58 earnings per share. PBF Energy’s revenue was down 34.9% compared to the same quarter last year. As a group, equities analysts forecast that PBF Energy Inc. will post 10.27 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. PBF Energy’s dividend payout ratio (DPR) is presently 3.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on PBF shares. UBS Group decreased their target price on PBF Energy from $53.00 to $48.00 in a report on Friday, June 30th. Piper Sandler increased their price objective on PBF Energy from $58.00 to $62.00 in a report on Friday, August 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of PBF Energy in a report on Wednesday, July 19th. Wells Fargo & Company increased their price objective on PBF Energy from $56.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Finally, Bank of America downgraded PBF Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $46.00 to $56.00 in a report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.67.

PBF Energy Profile

PBF Energy Inc, together with 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.