GSA Capital Partners LLP Has $1.38 Million Stock Position in PBF Energy Inc. (NYSE:PBF)

GSA Capital Partners LLP increased its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 76.8% during the third quarter, Holdings Channel.com reports. The fund owned 44,618 shares of the oil and gas company’s stock after purchasing an additional 19,375 shares during the quarter. GSA Capital Partners LLP’s holdings in PBF Energy were worth $1,381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC grew its position in shares of PBF Energy by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after purchasing an additional 347,268 shares in the last quarter. LSV Asset Management raised its holdings in PBF Energy by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock valued at $59,409,000 after acquiring an additional 34,470 shares in the last quarter. American Century Companies Inc. lifted its position in shares of PBF Energy by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock valued at $45,712,000 after acquiring an additional 32,862 shares during the period. Private Management Group Inc. grew its holdings in shares of PBF Energy by 27.5% during the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after purchasing an additional 183,183 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of PBF Energy by 14.8% in the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock worth $29,883,000 after purchasing an additional 84,532 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $28.37 per share, for a total transaction of $2,411,450.00. Following the transaction, the insider now owns 26,197,498 shares of the company’s stock, valued at approximately $743,223,018.26. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 4,492,400 shares of company stock valued at $142,172,797 in the last three months. Insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PBF shares. Morgan Stanley reduced their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group cut their target price on PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Wolfe Research initiated coverage on PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Scotiabank dropped their price objective on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.18.

PBF Energy Stock Performance

PBF Energy stock opened at $30.34 on Thursday. The business has a 50 day moving average of $31.69 and a 200-day moving average of $38.92. The company has a market capitalization of $3.49 billion, a P/E ratio of -11.71 and a beta of 1.56. PBF Energy Inc. has a 1 year low of $27.94 and a 1 year high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $6.61 earnings per share. On average, equities research analysts predict that PBF Energy Inc. will post -2.79 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.63%. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 13th. PBF Energy’s dividend payout ratio is presently -38.61%.

About PBF Energy

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.