GSA Capital Partners LLP Has $826,000 Stock Position in PBF Energy Inc. $PBF

GSA Capital Partners LLP raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 192.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,472 shares of the oil and gas company’s stock after purchasing an additional 20,064 shares during the period. GSA Capital Partners LLP’s holdings in PBF Energy were worth $826,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its position in PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after purchasing an additional 1,651,516 shares in the last quarter. AQR Capital Management LLC raised its position in PBF Energy by 20.1% during the third quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock valued at $75,524,000 after purchasing an additional 418,223 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in PBF Energy by 2,198.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock valued at $36,577,000 after purchasing an additional 1,159,628 shares in the last quarter. Voloridge Investment Management LLC raised its position in PBF Energy by 27.1% during the third quarter. Voloridge Investment Management LLC now owns 1,155,303 shares of the oil and gas company’s stock valued at $34,855,000 after purchasing an additional 246,429 shares in the last quarter. Finally, Bank of America Corp DE raised its position in PBF Energy by 26.8% during the second quarter. Bank of America Corp DE now owns 1,143,521 shares of the oil and gas company’s stock valued at $24,780,000 after purchasing an additional 241,773 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $40.25 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. PBF Energy Inc. has a twelve month low of $17.53 and a twelve month high of $52.18. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.15 and a beta of 0.15. The company’s fifty day moving average is $43.39 and its 200 day moving average is $36.96.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the firm earned ($3.53) EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that PBF Energy Inc. will post 6.7 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s payout ratio is currently 29.65%.

Insider Buying and Selling

In related news, Director Thomas J. Nimbley sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $50.62, for a total value of $2,531,000.00. Following the sale, the director owned 790,716 shares of the company’s stock, valued at $40,026,043.92. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Control Empresarial De Capital sold 220,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the completion of the sale, the insider directly owned 18,468,698 shares in the company, valued at approximately $847,897,925.18. This represents a 1.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,918,525 shares of company stock valued at $454,441,751 over the last 90 days. 5.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho boosted their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Citigroup boosted their price objective on shares of PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Piper Sandler boosted their price objective on shares of PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $35.92.

PBF Energy Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.