PBF Energy Inc. (NYSE:PBF) Shares Purchased by Hara Capital LLC

Hara Capital LLC grew its stake in shares of PBF Energy Inc. (NYSE:PBF) by 28.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 506,317 shares of the oil and gas company’s stock after acquiring an additional 113,519 shares during the period. PBF Energy accounts for 9.6% of Hara Capital LLC’s holdings, making the stock its biggest position. Hara Capital LLC’s holdings in PBF Energy were worth $15,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in PBF Energy by 957.8% in the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock valued at $34,811,000 after acquiring an additional 547,509 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of PBF Energy by 14,785.7% during the first quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock valued at $31,262,000 after acquiring an additional 539,381 shares during the period. Hsbc Holdings PLC increased its position in shares of PBF Energy by 246.5% during the 2nd quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock worth $22,881,000 after purchasing an additional 355,329 shares in the last quarter. Acadian Asset Management LLC raised its position in PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after purchasing an additional 347,268 shares during the last quarter. Finally, Natixis acquired a new stake in shares of PBF Energy in the first quarter valued at $16,269,000. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Down 1.4 %

NYSE PBF traded down $0.42 during trading hours on Thursday, reaching $30.42. 165,594 shares of the company’s stock were exchanged, compared to its average volume of 2,181,927. PBF Energy Inc. has a one year low of $27.94 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The company’s 50-day moving average is $31.94 and its two-hundred day moving average is $39.79. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -11.91 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.61 EPS. On average, analysts forecast that PBF Energy Inc. will post -2.42 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $0.275 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is currently -38.61%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PBF shares. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday. Mizuho dropped their target price on PBF Energy from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered PBF Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $53.00 to $40.00 in a research report on Wednesday, October 2nd. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Finally, Piper Sandler lowered shares of PBF Energy from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.18.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 150,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $28.66 per share, with a total value of $4,299,000.00. Following the completion of the purchase, the insider now owns 26,112,498 shares of the company’s stock, valued at $748,384,192.68. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have purchased 4,407,400 shares of company stock worth $139,761,347. Corporate insiders own 6.20% of the company’s stock.

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.