William Blair Investment Management LLC Buys 13,573 Shares of PBF Energy Inc. (NYSE:PBF)

William Blair Investment Management LLC lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 712,916 shares of the oil and gas company’s stock after acquiring an additional 13,573 shares during the quarter. William Blair Investment Management LLC’s holdings in PBF Energy were worth $18,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBF. Yousif Capital Management LLC lifted its stake in PBF Energy by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock worth $1,084,000 after purchasing an additional 459 shares during the last quarter. Spire Wealth Management lifted its position in PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after buying an additional 585 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after buying an additional 614 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PBF Energy by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock valued at $782,000 after acquiring an additional 620 shares during the last quarter. Finally, Hancock Whitney Corp raised its stake in shares of PBF Energy by 9.6% during the third quarter. Hancock Whitney Corp now owns 11,030 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 968 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Price Performance

PBF opened at $22.03 on Thursday. The stock’s 50 day moving average price is $25.64 and its 200-day moving average price is $28.84. PBF Energy Inc. has a 52-week low of $18.97 and a 52-week high of $62.88. The stock has a market capitalization of $2.54 billion, a PE ratio of -4.68 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. On average, equities research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 4.99%. PBF Energy’s payout ratio is -23.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PBF shares. UBS Group cut their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target 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 decreased their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley decreased their price target on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.36.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital acquired 46,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $29.70 per share, for a total transaction of $1,366,200.00. Following the completion of the acquisition, the insider now owns 29,190,998 shares in the company, valued at $866,972,640.60. This trade represents a 0.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 721,000 shares of company stock worth $19,269,600. Company 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.