PBF Energy Inc. (NYSE:PBF) Stock Holdings Boosted by Denali Advisors LLC

Denali Advisors LLC lifted its position in shares of PBF Energy Inc. (NYSE:PBF) by 34.1% in the 2nd quarter, Holdings Channel reports. The fund owned 106,963 shares of the oil and gas company’s stock after buying an additional 27,200 shares during the period. PBF Energy comprises 1.3% of Denali Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Denali Advisors LLC’s holdings in PBF Energy were worth $4,922,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 224 shares during the last quarter. Rise Advisors LLC bought a new position in PBF Energy in the 1st quarter valued at about $27,000. National Bank of Canada FI bought a new position in PBF Energy in the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC bought a new position in PBF Energy in the 4th quarter valued at about $29,000. Finally, CWM LLC grew its position in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of $44.31 per share, for a total transaction of $4,431,000.00. Following the completion of the acquisition, the insider now owns 17,307,598 shares of the company’s stock, valued at approximately $766,899,667.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have bought 3,049,500 shares of company stock worth $109,399,914. Insiders own 5.30% of the company’s stock.

PBF Energy Price Performance

NYSE PBF opened at $32.52 on Tuesday. The company has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $45.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 2.25 and a beta of 1.56. PBF Energy Inc. has a 52-week low of $30.61 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same period last year, the company earned $2.29 earnings per share. PBF Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts predict that PBF Energy Inc. will post 1.25 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. PBF Energy’s dividend payout ratio is currently 6.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Piper Sandler decreased their target price on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. UBS Group decreased their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Mizuho decreased their target price on shares of PBF Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.91.

PBF Energy Company 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.