128,923 Shares in PBF Energy Inc. $PBF Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of PBF Energy Inc. (NYSE:PBF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 128,923 shares of the oil and gas company’s stock, valued at approximately $3,890,000. Y Intercept Hong Kong Ltd owned 0.11% of PBF Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators grew its holdings in shares of PBF Energy by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 440 shares during the period. Quent Capital LLC purchased a new position in shares of PBF Energy in the third quarter valued at $41,000. SBI Securities Co. Ltd. raised its stake in shares of PBF Energy by 66.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,054 shares of the oil and gas company’s stock worth $45,000 after buying an additional 818 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of PBF Energy by 25.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock worth $57,000 after buying an additional 522 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of PBF Energy by 261.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after buying an additional 2,354 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the subject of several recent research reports. Morgan Stanley set a $27.00 target price on shares of PBF Energy and gave the company an “underweight” rating in a report on Friday, October 3rd. Scotiabank increased their price target on shares of PBF Energy from $25.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Citigroup lifted their price objective on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Wall Street Zen raised PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Mizuho upgraded PBF Energy from an “underperform” rating to a “neutral” rating and increased their target price for the company from $31.00 to $38.00 in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $30.14.

Insider Transactions at PBF Energy

In other PBF Energy news, SVP Trecia M. Canty sold 50,000 shares of PBF Energy stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $36.44, for a total value of $1,822,000.00. Following the completion of the sale, the senior vice president owned 200,744 shares in the company, valued at $7,315,111.36. The trade was a 19.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul T. Davis sold 50,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the transaction, the senior vice president directly owned 192,391 shares of the company’s stock, valued at approximately $7,310,858. This represents a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 894,624 shares of company stock worth $30,997,335 in the last quarter. 6.70% of the stock is currently owned by corporate insiders.

PBF Energy Stock Performance

NYSE:PBF opened at $33.39 on Monday. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $41.47. The firm has a 50 day simple moving average of $31.06 and a 200-day simple moving average of $29.50. The firm has a market cap of $3.87 billion, a PE ratio of -7.18, a P/E/G ratio of 2.17 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.17. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the previous year, the company earned ($1.50) EPS. PBF Energy’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, November 14th. PBF Energy’s dividend payout ratio is presently -23.66%.

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.