Aventail Capital Group LP Grows Stock Holdings in PBF Energy Inc. $PBF

Aventail Capital Group LP increased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 27.7% in the 4th quarter, Holdings Channel reports. The firm owned 255,742 shares of the oil and gas company’s stock after buying an additional 55,417 shares during the period. Aventail Capital Group LP’s holdings in PBF Energy were worth $6,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Torren Management LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $31,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC raised its holdings in shares of PBF Energy by 3,354.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 2,147 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital sold 687,500 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $49.49, for a total transaction of $34,024,375.00. Following the completion of the transaction, the insider owned 21,445,398 shares in the company, valued at $1,061,332,747.02. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 5,136,225 shares of company stock worth $247,811,451 in the last three months. 5.50% of the stock is owned by company insiders.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $37.69 on Thursday. The firm has a fifty day moving average price of $41.19 and a 200-day moving average price of $37.51. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The stock has a market cap of $4.46 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.13 and a beta of 0.12. PBF Energy Inc. has a 1 year low of $20.98 and a 1 year high of $52.18.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the company earned ($3.53) earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts anticipate that PBF Energy Inc. will post 7.69 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.9%. PBF Energy’s dividend payout ratio (DPR) is 29.65%.

Analyst Ratings Changes

Several research analysts have recently weighed in on PBF shares. Wall Street Zen cut shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. TD Cowen decreased their price objective on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a report on Monday, April 27th. Mizuho upped their target price on shares of PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group started coverage on shares of PBF Energy in a report on Friday, April 10th. They set a “neutral” rating and a $49.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $36.46.

PBF Energy Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.