Yorktown Management & Research Co Inc Acquires 9,000 Shares of PBF Energy Inc (NYSE:PBF)

Yorktown Management & Research Co Inc lifted its holdings in PBF Energy Inc (NYSE:PBF) by 45.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,000 shares of the oil and gas company’s stock after purchasing an additional 9,000 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in PBF Energy were worth $908,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PBF. Bank of Montreal Can lifted its position in shares of PBF Energy by 87.9% in the first quarter. Bank of Montreal Can now owns 2,819,421 shares of the oil and gas company’s stock worth $87,796,000 after purchasing an additional 1,319,222 shares in the last quarter. Delek Group Ltd. lifted its position in shares of PBF Energy by 110.9% in the first quarter. Delek Group Ltd. now owns 675,000 shares of the oil and gas company’s stock worth $20,916,000 after purchasing an additional 355,000 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of PBF Energy in the first quarter worth $9,058,000. Scout Investments Inc. lifted its position in shares of PBF Energy by 64.0% in the second quarter. Scout Investments Inc. now owns 709,976 shares of the oil and gas company’s stock worth $22,222,000 after purchasing an additional 277,090 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of PBF Energy by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock worth $58,370,000 after purchasing an additional 243,762 shares in the last quarter. 88.21% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Carso S.A. De C.V. Inversora acquired 354,917 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $22.24 per share, for a total transaction of $7,893,354.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas J. Nimbley acquired 40,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $23.76 per share, for a total transaction of $950,400.00. Following the completion of the acquisition, the chief executive officer now owns 405,990 shares of the company’s stock, valued at $9,646,322.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,752,384 shares of company stock worth $96,696,410. 3.50% of the stock is owned by corporate insiders.

A number of analysts have recently commented on PBF shares. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a research report on Monday, August 5th. Bank of America raised shares of PBF Energy from an “underperform” rating to a “neutral” rating in a research report on Monday, April 29th. Cowen reissued a “market perform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of PBF Energy in a research report on Friday, August 2nd. ValuEngine raised shares of PBF Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 22nd. Finally, Credit Suisse Group raised shares of PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.57.

PBF traded up $0.20 during trading on Friday, reaching $21.74. 1,761,400 shares of the stock were exchanged, compared to its average volume of 2,058,215. The stock has a market cap of $2.58 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 3.09 and a beta of 1.62. PBF Energy Inc has a twelve month low of $21.09 and a twelve month high of $53.91. The stock’s 50 day moving average price is $27.07 and its two-hundred day moving average price is $30.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.54 and a current ratio of 1.50.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, August 1st. The oil and gas company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.23 billion. PBF Energy had a return on equity of 6.34% and a net margin of 0.09%. PBF Energy’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Equities research analysts predict that PBF Energy Inc will post 1.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 5.52%. PBF Energy’s payout ratio is 36.81%.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

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Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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