54,757 Shares in PBF Energy Inc. $PBF Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new stake in PBF Energy Inc. (NYSE:PBF) during the 4th quarter, Holdings Channel reports. The fund acquired 54,757 shares of the oil and gas company’s stock, valued at approximately $1,485,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBF. Smartleaf Asset Management LLC lifted its holdings in shares of PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Torren Management LLC bought a new position in PBF Energy in the fourth quarter valued at $30,000. Deseret Mutual Benefit Administrators increased its stake in PBF Energy by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares during the last quarter. Hantz Financial Services Inc. lifted its position in PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after buying an additional 912 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in PBF Energy during the 3rd quarter worth about $41,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PBF Energy news, Director Thomas J. Nimbley sold 50,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $50.62, for a total transaction of $2,531,000.00. Following the transaction, the director owned 790,716 shares in the company, valued at $40,026,043.92. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James E. Fedena sold 77,085 shares of PBF Energy stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $49.60, for a total value of $3,823,416.00. Following the sale, the senior vice president directly owned 139,016 shares of the company’s stock, valued at $6,895,193.60. This represents a 35.67% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,372,925 shares of company stock valued at $470,521,421. Insiders own 5.50% of the company’s stock.

PBF Energy Stock Performance

Shares of PBF stock opened at $40.71 on Monday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.17 and a beta of 0.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. PBF Energy Inc. has a 52 week low of $17.53 and a 52 week high of $52.18. The company has a 50-day simple moving average of $43.05 and a 200 day simple moving average of $36.29.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (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 company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same quarter last year, the business earned ($3.53) earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts predict that PBF Energy Inc. will post 6.21 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PBF shares. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Morgan Stanley upped their price target on shares of PBF Energy from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Citigroup lifted their price target on PBF Energy from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, BMO Capital Markets boosted their price target on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, PBF Energy currently has a consensus rating of “Reduce” and a consensus target price of $35.92.

PBF Energy Company Profile

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.