Vanguard Group Inc. Cuts Stake in PBF Energy Inc. $PBF

Vanguard Group Inc. lowered its stake in shares of PBF Energy Inc. (NYSE:PBF) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,768,869 shares of the oil and gas company’s stock after selling 14,063 shares during the period. Vanguard Group Inc. owned about 0.08% of PBF Energy worth $237,812,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its position in PBF Energy by 147.4% in the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC boosted its stake in PBF Energy by 230.7% in the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock valued at $45,183,000 after acquiring an additional 1,454,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of PBF Energy by 2,198.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock valued at $36,577,000 after acquiring an additional 1,159,628 shares during the period. BNP Paribas Financial Markets grew its position in shares of PBF Energy by 276.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,028,799 shares of the oil and gas company’s stock valued at $22,294,000 after acquiring an additional 755,310 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of PBF Energy during the 3rd quarter worth approximately $11,605,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PBF shares. Scotiabank lifted their price target on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded PBF Energy from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Citigroup boosted their target price on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Piper Sandler increased their price target on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of “Reduce” and an average price target of $35.92.

Insider Transactions at PBF Energy

In related news, Director Thomas J. Nimbley sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $50.62, for a total transaction of $2,531,000.00. Following the sale, the director owned 790,716 shares of the company’s stock, valued at approximately $40,026,043.92. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Control Empresarial De Capital sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the sale, the insider directly owned 18,468,698 shares in the company, valued at $847,897,925.18. This trade represents a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,601,425 shares of company stock valued at $478,578,331. 5.50% of the stock is currently owned by corporate insiders.

PBF Energy News Roundup

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

• Negative Sentiment: A fire and explosion were reported at PBF Energy’s Chalmette refinery in Louisiana, creating uncertainty about operational disruption and potential financial impact. Reformer heater explodes at PBF Louisiana refinery, sources say
• Negative Sentiment: Reports of a blast and fire at the Chalmette site suggest possible short-term refinery shutdowns or reduced throughput, which could weigh on earnings expectations. Explosion and fire rock Chalmette refinery. No injuries reported, but blast felt miles away.
• Neutral Sentiment: Analysts also published general commentary on PBF Energy alongside other energy names, but this appears to be routine market coverage rather than a company-specific catalyst. Analysts Offer Insights on Energy Companies: Parex Resources (OtherPARXF), PBF Energy (PBF) and Vermilion Energy (VET)
• Neutral Sentiment: One report highlighted PBF Energy as a strong momentum stock, but this is more of a screening/ratings note than a fresh fundamental catalyst. Here’s Why PBF Energy (PBF) is a Strong Momentum Stock
• Neutral Sentiment: A shareholder reportedly sold 220,000 shares of PBF Energy stock, but the filing alone does not necessarily indicate a major change in the business outlook. Control Empresarial De Capital Sells 220,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Trading Up 0.3%

NYSE:PBF opened at $40.71 on Friday. PBF Energy Inc. has a 1 year low of $17.53 and a 1 year high of $52.18. The stock’s fifty day moving average price is $43.05 and its two-hundred day moving average price is $36.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The company has a market cap of $4.76 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.17 and a beta of 0.15.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. PBF Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.53) earnings per share. As a group, analysts expect that PBF Energy Inc. will post 6.21 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s dividend payout ratio is currently 29.65%.

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.