Dimensional Fund Advisors LP Boosts Stock Holdings in PBF Energy Inc. $PBF

Dimensional Fund Advisors LP raised its holdings in PBF Energy Inc. (NYSE:PBF) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,366,331 shares of the oil and gas company’s stock after purchasing an additional 454,731 shares during the quarter. Dimensional Fund Advisors LP’s holdings in PBF Energy were worth $207,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PBF. Hsbc Holdings PLC increased its holdings in shares of PBF Energy by 81.7% in the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock valued at $1,840,000 after purchasing an additional 30,430 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares in the last quarter. Brandywine Global Investment Management LLC boosted its position in PBF Energy by 351.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock worth $7,200,000 after purchasing an additional 206,666 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in PBF Energy in the fourth quarter valued at $1,485,000. Finally, Jefferies Financial Group Inc. grew its holdings in PBF Energy by 7,210.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock valued at $17,037,000 after purchasing an additional 619,622 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital sold 100,000 shares of PBF Energy stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $54.52, for a total value of $5,452,000.00. Following the completion of the sale, the insider owned 15,712,128 shares in the company, valued at $856,625,218.56. The trade was a 0.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 3,541,570 shares of company stock valued at $165,787,386. 5.50% of the stock is currently owned by company insiders.

PBF Energy Stock Performance

NYSE:PBF opened at $61.74 on Friday. The firm has a 50 day simple moving average of $46.67 and a 200-day simple moving average of $41.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The firm has a market cap of $7.30 billion, a PE ratio of 16.64, a P/E/G ratio of 0.10 and a beta of 0.11. PBF Energy Inc. has a 1-year low of $21.24 and a 1-year high of $68.33.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS 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 firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the firm posted ($3.53) earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that PBF Energy Inc. will post 10.94 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

Trending Headlines about PBF Energy

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

• Positive Sentiment: PBF was added to multiple Zacks Rank #1 (Strong Buy) lists on July 24, including momentum, value, income, and general strong-buy screens, which can boost trader interest and signal improving analyst sentiment. Article Title
• Positive Sentiment: Several Zacks pieces highlighted PBF as a top-ranked growth, value, income, and momentum stock, reinforcing the idea that the name is screening well across multiple investment styles. Article Title
• Positive Sentiment: PBF was featured in a “Best Momentum Stocks” article and noted as being up strongly over the past week, suggesting short-term buying momentum remains intact. Article Title
• Neutral Sentiment: One article compared PBF’s year-to-date performance with peers like Phillips 66, which is mainly a relative-performance check and not a direct catalyst. Article Title
• Neutral Sentiment: Another note said PBF does not have the ideal setup for a likely earnings beat ahead of next week’s report, so investors may remain cautious until the company releases results. Article Title
• Negative Sentiment: Seeking Alpha published an earnings preview titled “Don’t Get Trapped At The Top”, which suggests some skepticism about upside after the recent run-up. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PBF shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Mizuho lifted their target price on shares of PBF Energy from $48.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Research lowered PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Evercore began coverage on PBF Energy in a report on Friday, July 17th. They set an “in-line” rating and a $58.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $45.62.

About PBF Energy

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.