Dimensional Fund Advisors LP Has $164.21 Million Stake in PBF Energy Inc. (NYSE:PBF)

Dimensional Fund Advisors LP cut its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,185,345 shares of the oil and gas company’s stock after selling 378,591 shares during the quarter. Dimensional Fund Advisors LP owned about 5.37% of PBF Energy worth $164,212,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Xponance Inc. increased its holdings in shares of PBF Energy by 2.6% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 364 shares during the last quarter. Yousif Capital Management LLC grew its stake in PBF Energy by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock valued at $1,084,000 after buying an additional 459 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in PBF Energy by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 72,672 shares of the oil and gas company’s stock valued at $1,931,000 after acquiring an additional 480 shares during the period. Spire Wealth Management lifted its position in PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 585 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 614 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PBF. The Goldman Sachs Group dropped their price target on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Scotiabank reduced their target price on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Mizuho lowered their price target on shares of PBF Energy from $28.00 to $22.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, Piper Sandler lowered their target price on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, PBF Energy currently has an average rating of “Hold” and an average price target of $24.18.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $14.44 per share, with a total value of $216,600.00. Following the completion of the purchase, the insider now owns 30,774,998 shares of the company’s stock, valued at $444,390,971.12. This trade represents a 0.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have purchased 627,000 shares of company stock valued at $14,602,580. 6.70% of the stock is currently owned by insiders.

PBF Energy Price Performance

PBF Energy stock opened at $15.92 on Thursday. The stock has a fifty day moving average of $19.13 and a 200-day moving average of $26.04. The stock has a market capitalization of $1.84 billion, a P/E ratio of -3.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $58.17.

PBF Energy (NYSE:PBF) last posted its earnings results 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 during the quarter, compared to the consensus estimate 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, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.91%. PBF Energy’s payout ratio is presently -23.35%.

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.