Caxton Associates LLP Raises Holdings in PBF Energy Inc. $PBF

Caxton Associates LLP grew its holdings in PBF Energy Inc. (NYSE:PBF) by 308.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,434 shares of the oil and gas company’s stock after purchasing an additional 213,290 shares during the period. Caxton Associates LLP’s holdings in PBF Energy were worth $6,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PBF. MassMutual Private Wealth & Trust FSB boosted its position in shares of PBF Energy by 761.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,248 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of PBF Energy during the 1st quarter valued at about $35,000. Activest Wealth Management grew its stake in shares of PBF Energy by 199,900.0% in the first quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 1,999 shares during the period. UMB Bank n.a. raised its holdings in shares of PBF Energy by 67.2% during the second quarter. UMB Bank n.a. now owns 1,993 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 801 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of PBF Energy by 66.2% during the second quarter. SBI Securities Co. Ltd. now owns 2,054 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 818 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PBF Energy news, SVP Trecia M. Canty sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $36.44, for a total transaction of $1,822,000.00. Following the sale, the senior vice president owned 200,744 shares in the company, valued at approximately $7,315,111.36. This trade represents a 19.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Steven John Andriola sold 1,048 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $34.39, for a total transaction of $36,040.72. Following the completion of the transaction, the chief accounting officer owned 20,974 shares of the company’s stock, valued at approximately $721,295.86. The trade was a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 507,045 shares of company stock worth $18,193,421 in the last ninety days. Corporate insiders own 5.30% of the company’s stock.

PBF Energy Trading Down 1.7%

NYSE:PBF opened at $30.30 on Friday. PBF Energy Inc. has a one year low of $13.61 and a one year high of $41.47. The business has a fifty day moving average price of $33.45 and a 200-day moving average price of $27.89. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -6.52 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.PBF Energy’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.50) earnings per share. Sell-side analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.6%. PBF Energy’s payout ratio is -23.66%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, December 1st. Scotiabank raised their price target on PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. TD Cowen lifted their price objective on PBF Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Friday, October 31st. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 target price on the stock. in a report on Monday, September 15th. Finally, Cowen reissued a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, PBF Energy has a consensus rating of “Reduce” and a consensus price target of $29.38.

PBF Energy Company 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.