PBF Energy Inc. (NYSE:PBF) Stock Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its position in PBF Energy Inc. (NYSE:PBF) by 94.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,499 shares of the oil and gas company’s stock after acquiring an additional 63,426 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.11% of PBF Energy worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in PBF Energy by 12.2% in the first quarter. JPMorgan Chase & Co. now owns 396,209 shares of the oil and gas company’s stock worth $9,656,000 after acquiring an additional 43,143 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of PBF Energy during the 1st quarter worth approximately $224,000. MetLife Investment Management LLC lifted its holdings in shares of PBF Energy by 56.1% in the 1st quarter. MetLife Investment Management LLC now owns 51,879 shares of the oil and gas company’s stock worth $1,264,000 after purchasing an additional 18,652 shares during the last quarter. Panagora Asset Management Inc. bought a new position in PBF Energy during the 1st quarter worth $578,000. Finally, Rhumbline Advisers increased its position in PBF Energy by 0.3% in the first quarter. Rhumbline Advisers now owns 308,096 shares of the oil and gas company’s stock worth $7,508,000 after buying an additional 784 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PBF Energy

In related news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the transaction, the senior vice president now owns 110,978 shares of the company’s stock, valued at approximately $6,255,829.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Paul T. Davis sold 100,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the completion of the transaction, the senior vice president now directly owns 110,978 shares in the company, valued at approximately $6,255,829.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the completion of the sale, the senior vice president now owns 160,338 shares in the company, valued at $8,958,084.06. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $10,074,600 over the last ninety days. Company insiders own 5.30% of the company’s stock.

PBF Energy Trading Up 0.8 %

PBF Energy stock opened at $55.91 on Friday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 3.40 and a beta of 1.73. The company’s fifty day moving average price is $53.86 and its two-hundred day moving average price is $48.37. PBF Energy Inc. has a one year low of $31.25 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.49). The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.65 billion. PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the business earned $4.41 EPS. On average, analysts forecast that PBF Energy Inc. will post 7.21 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s dividend payout ratio is 6.08%.

Analyst Upgrades and Downgrades

PBF has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their price objective on shares of PBF Energy from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $74.00 in a research report on Friday, March 15th. Citigroup started coverage on shares of PBF Energy in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, Scotiabank lifted their price target on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.55.

PBF Energy 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.