Semanteon Capital Management LP Invests $345,000 in PBF Energy Inc. (NYSE:PBF)

Semanteon Capital Management LP purchased a new stake in shares of PBF Energy Inc. (NYSE:PBF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,858 shares of the oil and gas company’s stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in shares of PBF Energy during the 3rd quarter valued at $223,000. Bfsg LLC purchased a new stake in shares of PBF Energy in the third quarter valued at $346,000. Xponance Inc. lifted its holdings in shares of PBF Energy by 7.2% in the third quarter. Xponance Inc. now owns 17,835 shares of the oil and gas company’s stock valued at $955,000 after purchasing an additional 1,203 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of PBF Energy by 4.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,817 shares of the oil and gas company’s stock valued at $1,917,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of PBF Energy in the third quarter worth $229,000. 96.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at $8,829,813.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at $8,829,813.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul T. Davis sold 100,000 shares of PBF Energy stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the transaction, the senior vice president now owns 110,978 shares of the company’s stock, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock worth $10,074,600 over the last quarter. Company insiders own 5.30% of the company’s stock.

PBF Energy Stock Up 0.4 %

NYSE PBF opened at $57.75 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The firm has a 50-day simple moving average of $54.44 and a 200 day simple moving average of $48.74. PBF Energy Inc. has a twelve month low of $31.25 and a twelve month high of $62.88. The stock has a market cap of $6.90 billion, a PE ratio of 3.51 and a beta of 1.73.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.65 billion. PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.41 EPS. On average, research analysts forecast that PBF Energy Inc. will post 7.39 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s dividend payout ratio is 6.08%.

Analysts Set New Price Targets

PBF has been the topic of a number of research reports. TD Cowen upped their price target on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Scotiabank upped their price target on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on shares of PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Citigroup assumed coverage on shares of PBF Energy in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.55.

PBF Energy Company 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.