Denali Advisors LLC Sells 3,800 Shares of PBF Energy Inc. (NYSE:PBF)

Denali Advisors LLC lowered its stake in PBF Energy Inc. (NYSE:PBF) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 103,163 shares of the oil and gas company’s stock after selling 3,800 shares during the quarter. Denali Advisors LLC’s holdings in PBF Energy were worth $2,739,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PBF. Fortitude Family Office LLC boosted its holdings in PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares in the last quarter. Quarry LP bought a new stake in PBF Energy in the third quarter valued at $48,000. Harbor Capital Advisors Inc. bought a new stake in PBF Energy in the third quarter valued at $59,000. Golden State Wealth Management LLC bought a new stake in PBF Energy in the fourth quarter valued at $61,000. Finally, Blue Trust Inc. boosted its holdings in shares of PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. UBS Group dropped their target price on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $31.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and a consensus target price of $29.55.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 300,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $30.82 per share, with a total value of $9,246,000.00. Following the acquisition, the insider now owns 27,863,498 shares of the company’s stock, valued at $858,753,008.36. The trade was a 1.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,402,500 shares of company stock worth $40,625,690 in the last quarter. Company insiders own 5.30% of the company’s stock.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $22.81 on Wednesday. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -4.84 and a beta of 1.60. The firm’s 50-day moving average is $27.30 and its 200 day moving average is $30.36. PBF Energy Inc. has a 1 year low of $22.03 and a 1 year high of $62.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. Sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

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.