Proficio Capital Partners LLC Acquires Shares of 11,261 PBF Energy Inc. (NYSE:PBF)

Proficio Capital Partners LLC purchased a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,261 shares of the oil and gas company’s stock, valued at approximately $299,000.

A number of other institutional investors also recently bought and sold shares of PBF. Fortitude Family Office LLC boosted its position in shares of PBF Energy by 968.8% in the 4th 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 in the last quarter. Quarry LP purchased a new position in PBF Energy in the third quarter worth about $48,000. Golden State Wealth Management LLC purchased a new stake in PBF Energy during the 4th quarter valued at $61,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of PBF Energy in the fourth quarter worth $68,000. Finally, Spire Wealth Management boosted its position in shares of PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 585 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen lowered their target price 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. UBS Group dropped their target price 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. Piper Sandler reduced their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, Morgan Stanley decreased their price target on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus price target of $27.36.

PBF Energy Stock Up 0.8 %

Shares of PBF opened at $19.36 on Thursday. The business’s 50 day simple moving average is $24.74 and its 200-day simple moving average is $28.39. PBF Energy Inc. has a 1 year low of $18.97 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. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -4.11 and a beta of 1.62.

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

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.68%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is currently -23.35%.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $29.70 per share, with a total value of $1,366,200.00. Following the purchase, the insider now directly owns 29,190,998 shares of the company’s stock, valued at approximately $866,972,640.60. This represents a 0.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have acquired 651,000 shares of company stock valued at $17,480,400. 5.30% of the stock is currently owned by insiders.

PBF Energy 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.