Burney Co. lowered its stake in PBF Energy Inc. (NYSE:PBF – Free Report) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,213 shares of the oil and gas company’s stock after selling 96,462 shares during the quarter. Burney Co. owned about 0.10% of PBF Energy worth $4,922,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. LSV Asset Management lifted its holdings in shares of PBF Energy by 8,634.4% in the 2nd quarter. LSV Asset Management now owns 558,999 shares of the oil and gas company’s stock worth $22,885,000 after acquiring an additional 552,599 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in PBF Energy during the first quarter worth $810,000. Jackson Creek Investment Advisors LLC boosted its position in shares of PBF Energy by 3.1% during the second quarter. Jackson Creek Investment Advisors LLC now owns 23,011 shares of the oil and gas company’s stock worth $942,000 after buying an additional 690 shares during the period. Islay Capital Management LLC grew its stake in shares of PBF Energy by 31.2% in the first quarter. Islay Capital Management LLC now owns 14,010 shares of the oil and gas company’s stock valued at $607,000 after buying an additional 3,334 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of PBF Energy in the first quarter valued at $600,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on PBF. Mizuho lowered their price target on shares of PBF Energy from $63.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, October 6th. The Goldman Sachs Group upped their target price on shares of PBF Energy from $48.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, September 1st. Wells Fargo & Company raised 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. StockNews.com cut PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Bank of America raised their target price on shares of PBF Energy from $56.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, September 18th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.67.
PBF Energy Stock Performance
Shares of PBF stock opened at $45.52 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. PBF Energy Inc. has a 12-month low of $31.25 and a 12-month high of $56.38. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 2.10 and a beta of 1.84. The stock has a 50 day simple moving average of $49.19 and a 200-day simple moving average of $44.32.
PBF Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.25 dividend. This is a boost from PBF Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. PBF Energy’s dividend payout ratio (DPR) is 3.68%.
Insider Buying and Selling
In other PBF Energy news, SVP Connor Thomas L. O sold 50,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $55.17, for a total value of $2,758,500.00. Following the completion of the transaction, the senior vice president now directly owns 117,503 shares of the company’s stock, valued at $6,482,640.51. The sale was disclosed in a filing with the SEC, which is available at this link. 5.30% of the stock is owned by insiders.
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.
- Five stocks we like better than PBF Energy
- The Most Important Warren Buffett Stock for Investors: His Own
- Left for dead, Tower Semiconductor is a phoenix rising
- Investing in Travel Stocks Benefits
- 3 specialty apparel makers ready to spring higher
- How Can Investors Benefit From After-Hours Trading
- Boeing’s future sealed as China resumes order flow
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.