Knights of Columbus Asset Advisors LLC Increases Stake in PBF Energy Inc. $PBF

Knights of Columbus Asset Advisors LLC raised its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 90.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,261 shares of the oil and gas company’s stock after purchasing an additional 26,172 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in PBF Energy were worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PBF. AQR Capital Management LLC boosted its holdings in shares of PBF Energy by 230.7% in the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after acquiring an additional 1,454,500 shares during the period. Norges Bank purchased a new stake in PBF Energy during the 2nd quarter worth about $24,599,000. BNP Paribas Financial Markets boosted its stake in PBF Energy by 276.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,028,799 shares of the oil and gas company’s stock worth $22,294,000 after purchasing an additional 755,310 shares during the period. Aegis Financial Corp purchased a new position in PBF Energy during the 2nd quarter valued at about $13,445,000. Finally, JPMorgan Chase & Co. grew its holdings in PBF Energy by 133.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,034,597 shares of the oil and gas company’s stock valued at $22,420,000 after buying an additional 591,975 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital sold 40,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $33.79, for a total transaction of $1,351,600.00. Following the completion of the sale, the insider directly owned 30,358,498 shares in the company, valued at approximately $1,025,813,647.42. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Connor Thomas L. O sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $40.83, for a total value of $2,041,500.00. Following the transaction, the senior vice president owned 205,340 shares in the company, valued at approximately $8,384,032.20. This represents a 19.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 894,624 shares of company stock worth $30,997,335 over the last ninety days. Insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

PBF has been the subject of a number of analyst reports. Wolfe Research lowered shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research report on Monday, December 8th. UBS Group upped their price target on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group raised their price target on PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $38.00 in a report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $30.14.

PBF Energy Stock Up 0.7%

Shares of NYSE PBF opened at $33.49 on Friday. The stock has a market capitalization of $3.88 billion, a P/E ratio of -7.20, a PEG ratio of 5.88 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59. PBF Energy Inc. has a one year low of $13.61 and a one year high of $41.47. The firm’s 50 day simple moving average is $30.66 and its two-hundred day simple moving average is $29.65.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.17. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The firm had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same period last year, the firm earned ($1.50) earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

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.