Inceptionr LLC Has $297,000 Position in PBF Energy Inc. (NYSE:PBF)

Inceptionr LLC raised its position in PBF Energy Inc. (NYSE:PBF) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the oil and gas company’s stock after purchasing an additional 2,428 shares during the quarter. Inceptionr LLC’s holdings in PBF Energy were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PBF. Fortitude Family Office LLC increased its stake in shares of PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,056 shares during the period. Quarry LP acquired a new position in PBF Energy in the 3rd quarter valued at approximately $48,000. Golden State Wealth Management LLC acquired a new position in PBF Energy in the 4th quarter valued at approximately $61,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of PBF Energy during the fourth quarter valued at $68,000. Finally, Spire Wealth Management lifted its holdings in shares of PBF Energy by 28.2% during the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 585 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Stock Up 1.2 %

PBF Energy stock opened at $21.26 on Monday. The company has a market capitalization of $2.45 billion, a PE ratio of -4.51 and a beta of 1.62. PBF Energy Inc. has a 12-month low of $18.97 and a 12-month high of $62.88. The firm’s fifty day moving average is $26.55 and its 200 day moving average is $29.51. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data 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 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%. As a group, sell-side analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be issued a $0.275 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.17%. PBF Energy’s payout ratio is currently -23.35%.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the purchase, the insider now owns 29,355,998 shares of the company’s stock, valued at approximately $806,409,265.06. This represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders bought 1,062,500 shares of company stock valued at $28,442,290. Company insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Piper Sandler decreased their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday. Wells Fargo & Company cut their price objective on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their price target for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $29.36.

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.