Knights of Columbus Asset Advisors LLC Acquires 63,426 Shares of PBF Energy Inc. (NYSE:PBF)

Knights of Columbus Asset Advisors LLC lifted its holdings in PBF Energy Inc. (NYSE:PBF) by 94.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 130,499 shares of the oil and gas company’s stock after buying an additional 63,426 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in PBF Energy were worth $5,737,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of PBF Energy by 39.8% in the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 230 shares during the period. Fortitude Family Office LLC bought a new position in shares of PBF Energy during the fourth quarter worth about $44,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in PBF Energy in the 1st quarter valued at approximately $48,000. DekaBank Deutsche Girozentrale bought a new stake in PBF Energy in the 4th quarter valued at approximately $73,000. Finally, Point72 Hong Kong Ltd acquired a new position in PBF Energy during the 1st quarter worth approximately $76,000. 96.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. TD Cowen boosted their price objective on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Bank of America raised shares of PBF Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $74.00 in a research report on Friday, March 15th. Wells Fargo & Company increased their price objective on shares of PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler lifted their target price on PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Scotiabank increased their price target on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.55.

PBF Energy Stock Up 0.8 %

PBF stock opened at $55.91 on Friday. PBF Energy Inc. has a 1-year low of $31.25 and a 1-year high of $62.88. The business’s 50 day simple moving average is $53.86 and its 200 day simple moving average is $48.37. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $6.68 billion, a PE ratio of 3.40 and a beta of 1.73.

PBF Energy (NYSE:PBF) last released its quarterly earnings data 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 during 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%. PBF Energy’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 earnings per share. As a group, research analysts anticipate that PBF Energy Inc. will post 7.21 EPS for the current year.

PBF Energy Dividend Announcement

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

Insider Activity

In related news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other PBF Energy news, insider Control Empresarial De Capital bought 12,200 shares of the stock in a transaction dated Wednesday, January 24th. The shares were bought at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the acquisition, the insider now owns 14,345,198 shares of the company’s stock, valued at $629,180,384.28. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, the senior vice president now owns 110,978 shares of the company’s stock, valued at $6,255,829.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,000 shares of company stock valued at $10,074,600. 5.30% of the stock is owned by insiders.

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.