Tower Research Capital LLC TRC Has $475,000 Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Tower Research Capital LLC TRC lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,892 shares of the oil and gas company’s stock after purchasing an additional 5,771 shares during the quarter. Tower Research Capital LLC TRC’s holdings in PBF Energy were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in PBF Energy in the fourth quarter worth $20,896,000. JPMorgan Chase & Co. boosted its stake in shares of PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after acquiring an additional 562,287 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after acquiring an additional 392,776 shares during the last quarter. Private Management Group Inc. raised its stake in shares of PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after acquiring an additional 208,599 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in PBF Energy by 11.2% in the 4th quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company’s stock worth $49,532,000 after purchasing an additional 187,351 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen dropped their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. The Goldman Sachs Group lowered their price target on PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Mizuho dropped their price objective on PBF Energy from $28.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 1st. Finally, Piper Sandler decreased their target price on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.45.

PBF Energy Stock Up 0.8 %

Shares of PBF stock opened at $17.22 on Wednesday. The stock has a market cap of $1.99 billion, a P/E ratio of -3.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The stock has a fifty day moving average price of $18.56 and a 200 day moving average price of $25.54. PBF Energy Inc. has a one year low of $13.62 and a one year high of $57.47.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. Analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 6.39%. PBF Energy’s dividend payout ratio is currently -23.35%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital purchased 16,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $13.88 per share, with a total value of $222,080.00. Following the acquisition, the insider now directly owns 30,737,998 shares of the company’s stock, valued at approximately $426,643,412.24. This trade represents a 0.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders purchased 567,000 shares of company stock valued at $12,845,180. Corporate insiders own 5.30% 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.