Wedge Capital Management L L P NC Buys 7,107 Shares of PBF Energy Inc. $PBF

Wedge Capital Management L L P NC raised its position in shares of PBF Energy Inc. (NYSE:PBF) by 19.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,848 shares of the oil and gas company’s stock after purchasing an additional 7,107 shares during the period. Wedge Capital Management L L P NC’s holdings in PBF Energy were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in shares of PBF Energy by 81.7% during 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 during the period. Goldman Sachs Group Inc. raised its position in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after buying an additional 3,550,820 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake 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 during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in PBF Energy in the 4th quarter worth approximately $1,485,000. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of PBF Energy by 7,210.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock worth $17,037,000 after acquiring an additional 619,622 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Down 3.3%

Shares of PBF Energy stock opened at $71.88 on Friday. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10. PBF Energy Inc. has a twelve month low of $22.13 and a twelve month high of $74.74. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $54.37 and its 200 day moving average is $45.37.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping the consensus estimate of $4.15 by $2.07. The company had revenue of $11.68 billion during the quarter, compared to analyst estimates of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.PBF Energy’s revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.03) earnings per share. Research analysts anticipate that PBF Energy Inc. will post 15.74 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Insider Buying and Selling at PBF Energy

In related news, SVP Paul T. Davis sold 63,295 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $70.40, for a total transaction of $4,455,968.00. Following the completion of the sale, the senior vice president owned 183,426 shares in the company, valued at approximately $12,913,190.40. This trade represents a 25.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Trecia M. Canty sold 140,320 shares of PBF Energy stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $71.00, for a total transaction of $9,962,720.00. Following the completion of the sale, the senior vice president owned 191,779 shares in the company, valued at approximately $13,616,309. This represents a 42.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,099,021 shares of company stock valued at $293,359,045 in the last ninety days. 5.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PBF has been the subject of several analyst reports. Mizuho increased their target price on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Scotiabank increased their price target on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. UBS Group raised their price objective on PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Evercore began coverage on shares of PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 target price for the company. Finally, Morgan Stanley lifted their price objective on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $50.15.

PBF Energy News Roundup

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

• Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
• Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
• Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article

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.