UBS Group AG Sells 310,241 Shares of PBF Energy Inc. $PBF

UBS Group AG lessened its position in PBF Energy Inc. (NYSE:PBF) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 956,418 shares of the oil and gas company’s stock after selling 310,241 shares during the quarter. UBS Group AG’s holdings in PBF Energy were worth $25,938,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC raised its holdings in PBF Energy by 20.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock worth $75,524,000 after acquiring an additional 418,223 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in PBF Energy by 2,198.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after acquiring an additional 1,159,628 shares during the period. Voloridge Investment Management LLC raised its holdings in PBF Energy by 27.1% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,155,303 shares of the oil and gas company’s stock worth $34,855,000 after acquiring an additional 246,429 shares during the period. Finally, Bank of America Corp DE raised its holdings in PBF Energy by 26.8% in the 2nd quarter. Bank of America Corp DE now owns 1,143,521 shares of the oil and gas company’s stock worth $24,780,000 after acquiring an additional 241,773 shares during the period. Institutional investors own 96.29% of the company’s stock.

Insider Activity at PBF Energy

In related news, SVP James E. Fedena sold 77,085 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $49.60, for a total value of $3,823,416.00. Following the sale, the senior vice president owned 139,016 shares of the company’s stock, valued at $6,895,193.60. The trade was a 35.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Control Empresarial De Capital sold 220,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the completion of the sale, the insider directly owned 18,468,698 shares in the company, valued at approximately $847,897,925.18. The trade was a 1.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,372,925 shares of company stock valued at $470,521,421 over the last quarter. 5.50% of the stock is owned by company insiders.

PBF Energy Stock Performance

NYSE:PBF opened at $40.71 on Monday. The firm’s 50-day moving average is $43.05 and its 200-day moving average is $36.29. PBF Energy Inc. has a 52-week low of $17.53 and a 52-week high of $52.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.17 and a beta of 0.15.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($3.53) EPS. Equities research analysts anticipate that PBF Energy Inc. will post 6.21 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.7%. PBF Energy’s payout ratio is presently 29.65%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen dropped their target price on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating on the stock in a report on Monday, April 27th. Scotiabank lifted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group initiated coverage on shares of PBF Energy in a report on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price on the stock. Morgan Stanley boosted their price objective on shares of PBF Energy from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, Mizuho boosted their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $35.92.

PBF Energy 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.