PBF Energy Inc. (NYSE:PBF) Stake Boosted by Hara Capital LLC

Hara Capital LLC grew its stake in shares of PBF Energy Inc. (NYSE:PBF) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 549,390 shares of the oil and gas company’s stock after purchasing an additional 43,073 shares during the quarter. PBF Energy makes up approximately 9.5% of Hara Capital LLC’s portfolio, making the stock its biggest position. Hara Capital LLC owned 0.48% of PBF Energy worth $14,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake 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 acquiring an additional 1,056 shares during the period. Quarry LP purchased a new stake in shares of PBF Energy in the 3rd quarter worth about $48,000. Harbor Capital Advisors Inc. purchased a new stake in shares of PBF Energy in the 3rd quarter worth about $59,000. Blue Trust Inc. increased its position in shares of PBF Energy by 1,291.1% during the third 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 during the period. Finally, Golden State Wealth Management LLC bought a new position in PBF Energy in the fourth quarter worth about $61,000. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

PBF has been the topic of several research reports. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.18.

PBF Energy Price Performance

Shares of PBF stock opened at $23.24 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $28.14 and a 200-day moving average price of $31.02. PBF Energy Inc. has a 52 week low of $22.03 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last posted 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 the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. On average, sell-side analysts predict that PBF Energy Inc. will post -3.75 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital purchased 70,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the completion of the transaction, the insider now owns 28,884,998 shares of the company’s stock, 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 hyperlink. Over the last three months, insiders have bought 1,868,500 shares of company stock valued at $55,348,810. Insiders own 5.30% of the company’s stock.

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.