PBF Energy Inc. (NYSE:PBF) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of PBF Energy Inc. (NYSE:PBF) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,865,625 shares of the oil and gas company’s stock after acquiring an additional 187,351 shares during the period. American Century Companies Inc. owned approximately 1.62% of PBF Energy worth $49,532,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of PBF Energy by 30.8% during the third quarter. Citigroup Inc. now owns 158,963 shares of the oil and gas company’s stock worth $4,920,000 after purchasing an additional 37,400 shares during the last quarter. Hancock Whitney Corp raised its position in PBF Energy by 9.6% during the 3rd quarter. Hancock Whitney Corp now owns 11,030 shares of the oil and gas company’s stock worth $341,000 after buying an additional 968 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of PBF Energy by 132.6% in 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 acquiring an additional 492,053 shares during the period. Bridgewater Associates LP boosted its holdings in shares of PBF Energy by 40.5% in the third quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company’s stock valued at $2,896,000 after acquiring an additional 26,952 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock in a transaction on Tuesday, January 14th. The shares were bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00. Following the completion of the purchase, the insider now directly owns 28,984,998 shares in the company, valued at $829,550,642.76. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 651,000 shares of company stock worth $17,480,400. 5.30% of the stock is owned by insiders.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $19.36 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The business’s fifty day moving average price is $24.74 and its two-hundred day moving average price is $28.39. The stock has a market cap of $2.23 billion, a PE ratio of -4.11 and a beta of 1.62. PBF Energy Inc. has a one year low of $18.97 and a one year high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio is presently -23.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PBF shares. Morgan Stanley lowered their price objective on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Piper Sandler reduced their target price on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, UBS Group reduced their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.36.

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.