Knights of Columbus Asset Advisors LLC Sells 33,877 Shares of PBF Energy Inc. $PBF

Knights of Columbus Asset Advisors LLC lowered its position in shares of PBF Energy Inc. (NYSE:PBF) by 61.3% in the fourth quarter, HoldingsChannel reports. The fund owned 21,384 shares of the oil and gas company’s stock after selling 33,877 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in PBF Energy were worth $580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position 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 worth $27,000 after acquiring an additional 589 shares during the last quarter. Torren Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $30,000. Hantz Financial Services Inc. grew its stake in shares of PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 912 shares during the period. Global Retirement Partners LLC grew its stake 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 worth $60,000 after purchasing an additional 2,147 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of PBF Energy by 261.0% during the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,354 shares during the period. Institutional investors own 96.29% of the company’s stock.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital sold 1,100,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the sale, the insider owned 22,996,898 shares in the company, valued at approximately $1,062,686,656.58. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 9,668,525 shares of company stock worth $445,714,251 over the last ninety days. 5.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Tudor Pickering raised PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut PBF Energy from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $36.15.

PBF Energy Stock Up 1.9%

PBF stock opened at $40.59 on Friday. 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 capitalization of $4.80 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.15 and a beta of 0.15. The business has a 50-day moving average of $42.91 and a 200-day moving average of $37.09. PBF Energy Inc. has a fifty-two week low of $17.53 and a fifty-two week high of $52.18.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned ($3.53) earnings per share. On average, sell-side analysts anticipate that PBF Energy Inc. will post 6.7 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is currently 29.65%.

PBF Energy Company 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.