Knights of Columbus Asset Advisors LLC Buys 26,172 Shares of PBF Energy Inc. $PBF

Knights of Columbus Asset Advisors LLC grew its stake in shares of PBF Energy Inc. (NYSE:PBF) by 90.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,261 shares of the oil and gas company’s stock after purchasing an additional 26,172 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in PBF Energy were worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PBF. Verdence Capital Advisors LLC grew its holdings in shares of PBF Energy by 2.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock worth $478,000 after acquiring an additional 348 shares during the period. Deseret Mutual Benefit Administrators grew its stake in PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 440 shares during the period. Farther Finance Advisors LLC grew its stake in PBF Energy by 25.0% in the second quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 522 shares during the period. GAMMA Investing LLC raised its holdings in PBF Energy by 11.6% in the third quarter. GAMMA Investing LLC now owns 5,041 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 525 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in PBF Energy by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 13,220 shares of the oil and gas company’s stock valued at $286,000 after buying an additional 527 shares during the period. 96.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Paul T. Davis sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the senior vice president owned 192,391 shares in the company, valued at $7,310,858. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Control Empresarial De Capital sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $33.79, for a total value of $1,351,600.00. Following the transaction, the insider owned 30,358,498 shares of the company’s stock, valued at $1,025,813,647.42. This represents a 0.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 894,624 shares of company stock worth $30,997,335 in the last three months. 5.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on PBF shares. Wall Street Zen raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup lifted their target price on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. BMO Capital Markets restated a “market perform” rating and issued a $34.00 price target on shares of PBF Energy in a research note on Monday, January 5th. Wolfe Research cut PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Monday, December 8th. Finally, The Goldman Sachs Group boosted their target price on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Two 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, PBF Energy currently has an average rating of “Reduce” and a consensus target price of $30.14.

PBF Energy Price Performance

NYSE PBF opened at $33.49 on Friday. The company has a 50-day moving average price of $30.66 and a 200-day moving average price of $29.65. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The firm 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. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.PBF Energy’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.50) earnings per share. Equities research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

About PBF Energy

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.