Hancock Whitney Corp Has $341,000 Holdings in PBF Energy Inc. (NYSE:PBF)

Hancock Whitney Corp grew its stake in PBF Energy Inc. (NYSE:PBF) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,030 shares of the oil and gas company’s stock after purchasing an additional 968 shares during the period. Hancock Whitney Corp’s holdings in PBF Energy were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI bought a new position in PBF Energy during the second quarter valued at about $26,000. CWM LLC raised its stake in shares of PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in PBF Energy in the third quarter worth $59,000. Blue Trust Inc. boosted its stake in PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after buying an additional 2,027 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in PBF Energy by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock valued at $81,000 after buying an additional 573 shares during the period. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PBF. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. BMO Capital Markets lowered PBF Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $42.00 to $35.00 in a research note on Friday, October 4th. The Goldman Sachs Group cut their target price on PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Tudor, Pickering, Holt & Co. cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company cut their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.18.

PBF Energy Stock Performance

PBF Energy stock opened at $31.39 on Thursday. PBF Energy Inc. has a 1 year low of $27.94 and a 1 year high of $62.88. The company’s 50-day moving average is $31.49 and its two-hundred day moving average is $37.44. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.61 billion, a PE ratio of -12.12 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. PBF Energy’s revenue was down 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.61 EPS. Equities analysts anticipate that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.275 dividend. The ex-dividend date was Wednesday, November 13th. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.50%. PBF Energy’s dividend payout ratio is -42.47%.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 57,000 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the transaction, the insider now directly owns 26,739,498 shares of the company’s stock, valued at approximately $847,642,086.60. The trade was a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have bought 4,649,400 shares of company stock worth $147,107,697. Company insiders own 6.20% of the company’s stock.

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.