SG Americas Securities LLC Has $4.73 Million Position in PBF Energy Inc. $PBF

SG Americas Securities LLC boosted its stake in PBF Energy Inc. (NYSE:PBF) by 24.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,241 shares of the oil and gas company’s stock after purchasing an additional 19,312 shares during the quarter. SG Americas Securities LLC owned about 0.08% of PBF Energy worth $4,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PBF. Goldman Sachs Group Inc. raised its holdings in shares of PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after purchasing an additional 3,550,820 shares during the period. State Street Corp increased its position in PBF Energy by 1.3% in the 4th quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock valued at $131,661,000 after buying an additional 60,294 shares in the last quarter. Invesco Ltd. raised its stake in PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the period. AQR Capital Management LLC raised its stake in PBF Energy by 20.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock worth $75,524,000 after buying an additional 418,223 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in PBF Energy by 16.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,400,702 shares of the oil and gas company’s stock worth $65,108,000 after acquiring an additional 331,404 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

PBF has been the subject of several recent research reports. Morgan Stanley boosted their price objective on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. Mizuho boosted their price target on shares of PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Scotiabank upped their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group started coverage on shares of PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, PBF Energy currently has an average rating of “Reduce” and a consensus price target of $36.69.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $46.53 on Tuesday. 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’s fifty day simple moving average is $41.07 and its two-hundred day simple moving average is $37.92. PBF Energy Inc. has a 1-year low of $21.24 and a 1-year high of $52.18. The stock has a market cap of $5.50 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 0.14 and a beta of 0.12.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.53) EPS. As a group, analysts forecast that PBF Energy Inc. will post 7.69 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.4%. PBF Energy’s payout ratio is 29.65%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 362,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $43.50, for a total value of $15,747,000.00. Following the completion of the sale, the insider directly owned 18,891,698 shares of the company’s stock, valued at approximately $821,788,863. This represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 1,741,570 shares of company stock worth $76,703,786 in the last 90 days. 5.50% of the stock is currently owned by insiders.

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.