PBF Energy Inc. (NYSE:PBF) Position Boosted by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 105.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,709 shares of the oil and gas company’s stock after buying an additional 22,470 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in PBF Energy were worth $1,353,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 224 shares during the last quarter. National Bank of Canada FI bought a new position in PBF Energy in the second quarter worth about $26,000. CWM LLC lifted its holdings in PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the last quarter. Headlands Technologies LLC bought a new position in PBF Energy in the first quarter worth about $82,000. Finally, Banque Cantonale Vaudoise lifted its holdings in PBF Energy by 10.4% in the first quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

NYSE PBF opened at $33.70 on Monday. PBF Energy Inc. has a 12 month low of $30.17 and a 12 month high of $62.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The firm has a market capitalization of $4.00 billion, a PE ratio of 2.33 and a beta of 1.55. The company’s 50 day simple moving average is $33.12 and its 200 day simple moving average is $42.25.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the prior year, the business earned $2.29 EPS. PBF Energy’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that PBF Energy Inc. will post -0.48 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. PBF Energy’s dividend payout ratio is presently 6.92%.

Analysts Set New Price Targets

PBF has been the topic of a number of recent research reports. BMO Capital Markets cut shares of PBF Energy from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $42.00 to $35.00 in a report on Friday, October 4th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. UBS Group cut their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, PBF Energy currently has an average rating of “Hold” and an average price target of $36.09.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital purchased 1,000,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $31.75 per share, for a total transaction of $31,750,000.00. Following the completion of the transaction, the insider now owns 24,462,398 shares in the company, valued at $776,681,136.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have acquired 3,952,300 shares of company stock worth $129,050,026. 5.30% of the stock is owned by insiders.

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.