Semanteon Capital Management LP Makes New Investment in PBF Energy Inc. (NYSE:PBF)

Semanteon Capital Management LP purchased a new stake in PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,368 shares of the oil and gas company’s stock, valued at approximately $1,045,000.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC raised its position in shares of PBF Energy by 968.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares in the last quarter. Quarry LP acquired a new stake in shares of PBF Energy during the third quarter worth $48,000. Golden State Wealth Management LLC bought a new position in shares of PBF Energy in the 4th quarter worth about $61,000. EverSource Wealth Advisors LLC boosted its holdings in shares of PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 614 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of PBF Energy during the 4th quarter valued at about $68,000. Institutional investors own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the purchase, the insider now directly owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders bought 721,000 shares of company stock valued at $19,269,600 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PBF has been the topic of a number of recent research reports. UBS Group cut their target price on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company cut their price target on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Piper Sandler lowered their price objective 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. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and cut their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. Finally, TD Cowen lowered their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.36.

PBF Energy Stock Down 0.4 %

PBF Energy stock opened at $21.90 on Friday. PBF Energy Inc. has a 52 week low of $18.97 and a 52 week high of $62.88. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -4.65 and a beta of 1.62. The company’s 50-day moving average price is $25.53 and its two-hundred day moving average price is $28.79. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The company 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%. On average, analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.02%. PBF Energy’s dividend payout ratio (DPR) is -23.35%.

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.