PBF Energy Inc. (NYSE:PBF) Shares Bought by West Oak Capital LLC

West Oak Capital LLC raised its position in PBF Energy Inc. (NYSE:PBF) by 6,069.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,339 shares of the oil and gas company’s stock after acquiring an additional 12,139 shares during the period. West Oak Capital LLC’s holdings in PBF Energy were worth $328,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leavell Investment Management Inc. grew its holdings in shares of PBF Energy by 3.0% during the third quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock worth $488,000 after buying an additional 460 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of PBF Energy by 1.7% during the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after buying an additional 485 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of PBF Energy by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after buying an additional 543 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of PBF Energy during the second quarter worth about $26,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of PBF Energy by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after buying an additional 573 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PBF. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and lowered their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. Morgan Stanley lowered their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Piper Sandler downgraded shares of PBF Energy from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $47.00 to $25.00 in a report on Friday, September 20th. Finally, BMO Capital Markets downgraded shares of PBF Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $42.00 to $35.00 in a report on Friday, October 4th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

PBF Energy Stock Up 3.6 %

Shares of NYSE PBF traded up $0.97 during trading on Friday, reaching $28.02. 2,784,042 shares of the stock were exchanged, compared to its average volume of 1,945,073. The business’s 50-day moving average price is $29.12 and its 200 day moving average price is $33.50. PBF Energy Inc. has a twelve month low of $24.21 and a twelve month high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -10.82 and a beta of 1.61.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s revenue was down 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $6.61 earnings per share. As a group, equities analysts forecast that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.93%. PBF Energy’s dividend payout ratio is currently -42.47%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital purchased 287,100 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of $31.91 per share, for a total transaction of $9,161,361.00. Following the completion of the transaction, the insider now owns 24,751,498 shares of the company’s stock, valued at approximately $789,820,301.18. The trade was a 1.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 3,369,600 shares of company stock valued at $102,820,721 over the last ninety days. Corporate insiders own 6.20% 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.