GSA Capital Partners LLP Has $1.38 Million Stock Position in PBF Energy Inc. (NYSE:PBF)

GSA Capital Partners LLP increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 76.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,618 shares of the oil and gas company’s stock after purchasing an additional 19,375 shares during the period. GSA Capital Partners LLP’s holdings in PBF Energy were worth $1,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of PBF Energy by 957.8% during the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock worth $34,811,000 after buying an additional 547,509 shares during the period. Hsbc Holdings PLC grew its holdings in PBF Energy by 246.5% during the second quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock valued at $22,881,000 after purchasing an additional 355,329 shares during the period. Acadian Asset Management LLC increased its stake in PBF Energy by 32.9% in the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after purchasing an additional 347,268 shares in the last quarter. Natixis acquired a new stake in PBF Energy in the first quarter worth $16,269,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of PBF Energy by 59.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 581,045 shares of the oil and gas company’s stock worth $33,451,000 after purchasing an additional 215,689 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 805,300 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $32.62 per share, for a total transaction of $26,268,886.00. Following the purchase, the insider now owns 20,634,898 shares of the company’s stock, valued at approximately $673,110,372.76. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought 4,492,400 shares of company stock worth $142,172,797 in the last ninety days. Insiders own 5.30% of the company’s stock.

PBF Energy Price Performance

NYSE:PBF opened at $30.34 on Thursday. The stock’s 50-day simple moving average is $31.69 and its 200 day simple moving average is $38.92. PBF Energy Inc. has a 52-week low of $27.94 and a 52-week high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The company has a market cap of $3.49 billion, a P/E ratio of -11.71 and a beta of 1.56.

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 for the quarter, missing the consensus estimate of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm earned $6.61 EPS. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. As a group, sell-side analysts forecast that PBF Energy Inc. will post -2.79 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is -38.61%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PBF shares. The Goldman Sachs Group dropped their price objective on PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. Bank of America assumed coverage on PBF Energy in a research report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price objective for the company. UBS Group dropped 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. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut shares of PBF Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.18.

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.