PBF Energy Inc. $PBF Shares Sold by Thor Investment Management Inc. OH ADV

Thor Investment Management Inc. OH ADV trimmed its holdings in PBF Energy Inc. (NYSE:PBF) by 14.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 74,017 shares of the oil and gas company’s stock after selling 12,619 shares during the quarter. PBF Energy makes up 3.3% of Thor Investment Management Inc. OH ADV’s holdings, making the stock its 8th biggest holding. Thor Investment Management Inc. OH ADV’s holdings in PBF Energy were worth $5,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in PBF Energy by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock worth $207,953,000 after acquiring an additional 454,731 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in PBF Energy by 54.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock valued at $153,452,000 after acquiring an additional 1,137,533 shares in the last quarter. Sei Investments Co. raised its holdings in PBF Energy by 41.4% in the 1st quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company’s stock valued at $17,367,000 after acquiring an additional 106,819 shares during the last quarter. Empowered Funds LLC raised its holdings in PBF Energy by 198.0% in the 1st quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company’s stock valued at $16,944,000 after acquiring an additional 236,418 shares during the last quarter. Finally, Aventail Capital Group LP raised its holdings in PBF Energy by 27.7% in the 4th quarter. Aventail Capital Group LP now owns 255,742 shares of the oil and gas company’s stock valued at $6,936,000 after acquiring an additional 55,417 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho raised their target price on shares of PBF Energy from $65.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. The Goldman Sachs Group boosted their target price on PBF Energy from $81.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup upped their price target on PBF Energy from $74.00 to $91.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. TD Cowen reaffirmed a “hold” rating on shares of PBF Energy in a report on Thursday, October 1st. Finally, Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.55.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital sold 490,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $34,917,400.00. Following the completion of the sale, the insider owned 14,992,128 shares of the company’s stock, valued at $1,068,339,041.28. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Nimbley sold 468,139 shares of PBF Energy stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $69.54, for a total value of $32,554,386.06. Following the completion of the sale, the director owned 793,737 shares in the company, valued at $55,196,470.98. This represents a 37.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,366,374 shares of company stock worth $318,757,737. Company insiders own 5.50% of the company’s stock.

PBF Energy Trading Up 7.3%

Shares of PBF Energy stock traded up $6.19 during mid-day trading on Tuesday, hitting $91.21. The stock had a trading volume of 3,398,105 shares, compared to its average volume of 3,365,844. The firm has a 50-day moving average of $74.59 and a two-hundred day moving average of $56.54. PBF Energy Inc. has a 12-month low of $25.62 and a 12-month high of $91.53. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.81 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. The business had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business’s revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.03) EPS. Sell-side analysts forecast that PBF Energy Inc. will post 24.69 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.2750 dividend. This represents a $1.10 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 14th. PBF Energy’s dividend payout ratio is presently 9.73%.

PBF Energy Profile

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.