PBF Energy Inc. (NYSE:PBF) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in PBF Energy Inc. (NYSE:PBF) by 391.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,540,000 shares of the oil and gas company’s stock after purchasing an additional 1,226,909 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 1.34% of PBF Energy worth $47,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PBF. Janus Henderson Group PLC raised its position in PBF Energy by 957.8% during the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock worth $34,811,000 after buying an additional 547,509 shares during the last quarter. BNP Paribas Financial Markets raised its position in PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after buying an additional 492,053 shares during the last quarter. Hsbc Holdings PLC raised its position in PBF Energy by 246.5% during the 2nd quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock worth $22,881,000 after buying an additional 355,329 shares during the last quarter. Acadian Asset Management LLC raised its position in PBF Energy by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after buying an additional 347,268 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in PBF Energy by 346.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 262,600 shares of the oil and gas company’s stock worth $12,085,000 after buying an additional 203,800 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital purchased 40,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average cost of $30.93 per share, for a total transaction of $1,237,200.00. Following the completion of the purchase, the insider now directly owns 23,407,398 shares of the company’s stock, valued at approximately $723,990,820.14. This trade represents a 0.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have purchased 4,649,400 shares of company stock worth $147,107,697. Company insiders own 6.20% of the company’s stock.

PBF Energy Trading Down 0.6 %

Shares of PBF opened at $31.39 on Thursday. PBF Energy Inc. has a 52-week low of $27.94 and a 52-week high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $31.49 and its two-hundred day moving average is $37.44. The stock has a market cap of $3.61 billion, a PE ratio of -12.12 and a beta of 1.56.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period last year, the firm earned $6.61 EPS. Research analysts forecast that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.50%. The ex-dividend date was Wednesday, November 13th. PBF Energy’s payout ratio is -42.47%.

Wall Street Analysts Forecast Growth

PBF has been the subject of several recent research reports. UBS Group cut their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. TD Cowen cut their target price on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, November 1st. Morgan Stanley cut their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Piper Sandler lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating and cut their target price for the company from $47.00 to $25.00 in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus price target of $34.18.

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.