LSV Asset Management Has $56.05 Million Holdings in PBF Energy Inc. (NYSE:PBF)

LSV Asset Management raised its stake in PBF Energy Inc. (NYSE:PBF) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,274,904 shares of the oil and gas company’s stock after purchasing an additional 216,400 shares during the quarter. LSV Asset Management’s holdings in PBF Energy were worth $56,045,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PBF. Victory Capital Management Inc. lifted its stake in PBF Energy by 527.4% in the 3rd quarter. Victory Capital Management Inc. now owns 526,671 shares of the oil and gas company’s stock valued at $28,193,000 after purchasing an additional 442,730 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $1,829,000. Foundry Partners LLC acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $3,664,000. Jump Financial LLC raised its stake in PBF Energy by 199.3% in the 3rd quarter. Jump Financial LLC now owns 16,281 shares of the oil and gas company’s stock valued at $872,000 after acquiring an additional 10,842 shares during the period. Finally, FMR LLC lifted its holdings in PBF Energy by 91.3% during the 3rd quarter. FMR LLC now owns 904,537 shares of the oil and gas company’s stock valued at $48,420,000 after purchasing an additional 431,801 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Buying and Selling at PBF Energy

In related news, SVP Paul T. Davis sold 100,000 shares of the company’s 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 directly owns 110,978 shares in the company, valued at approximately $6,255,829.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the sale, the senior vice president now owns 110,978 shares in the company, valued at approximately $6,255,829.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total value of $2,234,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at approximately $8,958,084.06. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $10,074,600 over the last 90 days. Insiders own 5.30% of the company’s stock.

PBF Energy Price Performance

Shares of NYSE:PBF traded down $0.74 during trading on Friday, reaching $51.86. 1,900,000 shares of the company traded hands, compared to its average volume of 1,508,346. The company has a quick ratio of 0.81, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. PBF Energy Inc. has a 52 week low of $31.25 and a 52 week high of $62.88. The firm has a market capitalization of $6.20 billion, a PE ratio of 3.59 and a beta of 1.73. The company’s 50 day moving average is $55.07 and its two-hundred day moving average is $48.96.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). PBF Energy had a net margin of 4.95% and a return on equity of 18.49%. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.65 billion. During the same period last year, the business earned $4.41 earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that PBF Energy Inc. will post 7.75 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Analyst Upgrades and Downgrades

PBF has been the topic of several research reports. Citigroup started coverage on shares of PBF Energy in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Mizuho lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Scotiabank raised their price objective on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler boosted their price objective on PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company increased their target price on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus target price of $57.91.

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.