PBF Energy Inc. $PBF Stock: Venture Visionary Partners LLC Trims Stake

Venture Visionary Partners LLC lessened its holdings in PBF Energy Inc. (NYSE:PBF) by 70.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,544 shares of the oil and gas company’s stock after selling 10,900 shares during the period. Venture Visionary Partners LLC’s holdings in PBF Energy were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of PBF Energy by 128.0% in the second quarter. Sequoia Financial Advisors LLC now owns 10,631 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 5,969 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of PBF Energy by 90.4% during the 2nd quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock worth $2,887,000 after buying an additional 30,117 shares during the period. Integrated Wealth Concepts LLC grew its stake in PBF Energy by 76.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,632 shares of the oil and gas company’s stock valued at $393,000 after buying an additional 3,728 shares during the last quarter. IFP Advisors Inc raised its holdings in PBF Energy by 68.7% in the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 591 shares during the period. Finally, Allworth Financial LP lifted its position in PBF Energy by 166.2% during the second quarter. Allworth Financial LP now owns 6,888 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 4,300 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Key PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Mizuho raised its price target to $89 from $65 while maintaining a neutral rating, implying limited additional upside but acknowledging PBF Energy’s strong recent performance. Related market article
• Positive Sentiment: PBF Energy’s latest reported quarter showed exceptionally strong operating momentum, with adjusted earnings of $7.54 per share and a gross refining margin of $23.40 per barrel. The company is scheduled to report third-quarter results on October 29.
• Positive Sentiment: Several major institutional investors increased their PBF positions in the second quarter, including FMR, AQR, BlackRock and T. Rowe Price. PBF also trades at a relatively low valuation, with a reported forward earnings multiple below 8.
• Neutral Sentiment: President Donald Trump said Russia may send millions of tons of diesel to global markets. Increased diesel availability could ease fuel prices, but it may also affect refined-product prices and refining margins; the impact on PBF Energy is uncertain. Trump says Russia may send diesel article
• Negative Sentiment: There was no new company-specific operational problem identified. The decline appears tied largely to profit-taking after a substantial refining-sector advance, softer crude prices and concerns that unusually high crack spreads may not persist until the next earnings report.
• Negative Sentiment: Insider selling remains a notable concern. Control Empresarial De Capital sold 120,000 shares for approximately $10.1 million and has made multiple recent sales. Quiver data also indicates 64 insider sales and no purchases over the past six months, potentially signaling that some insiders view the recent rally as an opportunity to lock in gains. PBF insider sale article
• Negative Sentiment: PBF Energy’s previously issued $500 million of 0% exchangeable notes due 2032 could create future dilution or capital-structure concerns, adding caution after the stock’s rapid appreciation.

Insider Activity at PBF Energy

In related news, Director Thomas J. Nimbley sold 468,139 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $69.54, for a total transaction of $32,554,386.06. Following the completion of the sale, the director directly owned 793,737 shares in the company, valued at $55,196,470.98. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew C. Lucey sold 225,473 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $71.92, for a total value of $16,216,018.16. Following the completion of the sale, the chief executive officer directly owned 495,771 shares in the company, valued at $35,655,850.32. This trade represents a 31.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,196,374 shares of company stock valued at $303,792,637 over the last three months. 5.50% of the stock is owned by insiders.

PBF Energy Stock Down 5.8%

Shares of NYSE PBF opened at $84.18 on Friday. The stock has a market capitalization of $9.98 billion, a P/E ratio of 7.45, a PEG ratio of 0.07 and a beta of 0.18. The stock’s fifty day moving average is $73.74 and its 200 day moving average is $55.94. PBF Energy Inc. has a 52 week low of $25.62 and a 52 week high of $89.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business had revenue of $11.68 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the business posted ($1.03) earnings per share. PBF Energy’s revenue was up 56.2% compared to the same quarter last year. Sell-side analysts forecast that PBF Energy Inc. will post 24.69 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.2750 per share. The ex-dividend date was Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PBF shares. Evercore initiated coverage on PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 target price on the stock. Citigroup increased their price objective on PBF Energy from $74.00 to $91.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of PBF Energy in a research report on Thursday, October 1st. Wall Street Zen raised shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Mizuho lifted their price objective on shares of PBF Energy from $65.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target of $65.55.

PBF Energy Profile

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.