Caxton Associates LLP Acquires New Position in PBF Energy Inc. $PBF

Caxton Associates LLP acquired a new position in shares of PBF Energy Inc. (NYSE:PBF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,642 shares of the oil and gas company’s stock, valued at approximately $935,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in shares of PBF Energy by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 260 shares in the last quarter. Merit Financial Group LLC increased its stake in PBF Energy by 3.4% in the 4th quarter. Merit Financial Group LLC now owns 9,900 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 325 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in PBF Energy by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 383 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PBF Energy by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after purchasing an additional 432 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in PBF Energy by 3.2% during the first quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock worth $682,000 after purchasing an additional 441 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital sold 570,000 shares of PBF Energy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $46.36, for a total value of $26,425,200.00. Following the completion of the transaction, the insider directly owned 17,142,128 shares in the company, valued at approximately $794,709,054.08. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 3,541,570 shares of company stock worth $165,787,386. Corporate insiders own 5.50% of the company’s stock.

PBF Energy Trading Up 0.2%

PBF Energy stock opened at $61.74 on Monday. The stock has a 50-day moving average price of $46.67 and a 200 day moving average price of $41.72. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.30 billion, a PE ratio of 16.64, a P/E/G ratio of 0.10 and a beta of 0.11. PBF Energy Inc. has a 52 week low of $21.24 and a 52 week high of $68.33.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted ($3.53) earnings per share. Equities research analysts predict that PBF Energy Inc. will post 10.94 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, May 29th. Shareholders of record on Thursday, May 14th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup boosted their target price on PBF Energy from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley raised their price target on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, June 12th. Freedom Capital raised PBF Energy to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Finally, Scotiabank increased their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.62.

Key PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF was added to multiple Zacks Rank #1 (Strong Buy) lists on July 24, including momentum, value, income, and general strong-buy screens, which can boost trader interest and signal improving analyst sentiment. Article Title
• Positive Sentiment: Several Zacks pieces highlighted PBF as a top-ranked growth, value, income, and momentum stock, reinforcing the idea that the name is screening well across multiple investment styles. Article Title
• Positive Sentiment: PBF was featured in a “Best Momentum Stocks” article and noted as being up strongly over the past week, suggesting short-term buying momentum remains intact. Article Title
• Neutral Sentiment: One article compared PBF’s year-to-date performance with peers like Phillips 66, which is mainly a relative-performance check and not a direct catalyst. Article Title
• Neutral Sentiment: Another note said PBF does not have the ideal setup for a likely earnings beat ahead of next week’s report, so investors may remain cautious until the company releases results. Article Title
• Negative Sentiment: Seeking Alpha published an earnings preview titled “Don’t Get Trapped At The Top”, which suggests some skepticism about upside after the recent run-up. Article Title

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.