Jefferies Financial Group Inc. Grows Holdings in PBF Energy Inc. $PBF

Jefferies Financial Group Inc. raised its position in PBF Energy Inc. (NYSE:PBF) by 7,210.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 628,215 shares of the oil and gas company’s stock after buying an additional 619,622 shares during the period. Jefferies Financial Group Inc.’s holdings in PBF Energy were worth $17,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC increased its stake in shares of PBF Energy by 3,354.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 2,147 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of PBF Energy by 192.8% during the 4th quarter. GSA Capital Partners LLP now owns 30,472 shares of the oil and gas company’s stock valued at $826,000 after acquiring an additional 20,064 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of PBF Energy by 4.3% during the 4th quarter. ProShare Advisors LLC now owns 18,608 shares of the oil and gas company’s stock valued at $505,000 after acquiring an additional 774 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of PBF Energy by 109.8% during the 4th quarter. HighTower Advisors LLC now owns 14,486 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 7,581 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of PBF Energy during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PBF. Mizuho upped their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. TD Cowen dropped their price objective on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a research note on Monday, April 27th. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Scotiabank increased their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, PBF Energy has an average rating of “Reduce” and a consensus target price of $35.92.

PBF Energy Stock Up 0.1%

Shares of NYSE:PBF opened at $40.25 on Monday. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. 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 moving average of $43.39 and a two-hundred day moving average of $36.98. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.15 and a beta of 0.15.

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 net margin of 1.46% and a negative return on equity of 4.12%. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same period last year, the business earned ($3.53) EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that PBF Energy Inc. will post 6.7 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

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

Insider Buying and Selling at PBF Energy

In other PBF Energy news, Director Thomas J. Nimbley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $50.62, for a total value of $2,531,000.00. Following the completion of the sale, the director owned 790,716 shares of the company’s stock, valued at $40,026,043.92. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Control Empresarial De Capital sold 220,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the completion of the sale, the insider directly owned 18,468,698 shares of the company’s stock, valued at $847,897,925.18. This trade represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,918,525 shares of company stock valued at $454,441,751 over the last 90 days. 5.50% of the stock is owned by corporate insiders.

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.