Swiss National Bank Has $4.89 Million Position in PBF Energy Inc. (NYSE:PBF)

Swiss National Bank trimmed its position in PBF Energy Inc. (NYSE:PBF) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,300 shares of the oil and gas company’s stock after selling 12,500 shares during the period. Swiss National Bank’s holdings in PBF Energy were worth $4,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC raised 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 worth $31,000 after purchasing an additional 1,056 shares during the period. Quarry LP bought a new stake in shares of PBF Energy in the 3rd quarter valued at $48,000. Golden State Wealth Management LLC acquired a new stake in PBF Energy during the 4th quarter worth $61,000. EverSource Wealth Advisors LLC lifted its holdings in PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 614 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in PBF Energy in the fourth quarter valued at about $68,000. Institutional investors own 96.29% of the company’s stock.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital purchased 70,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00. Following the purchase, the insider now owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. The trade was a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have bought 721,000 shares of company stock valued at $19,269,600. 5.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group dropped their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. TD Cowen cut their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Piper Sandler cut their price objective on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company reduced their target price on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.36.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $19.65 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The stock has a 50 day moving average price of $25.19 and a 200 day moving average price of $28.55. The stock has a market capitalization of $2.27 billion, a PE ratio of -4.17 and a beta of 1.62. PBF Energy Inc. has a 52 week low of $18.97 and a 52 week high of $62.88.

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

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.60%. PBF Energy’s payout ratio is -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.