Universal Beteiligungs und Servicegesellschaft mbH Trims Position in PBF Energy Inc. (NYSE:PBF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stake in PBF Energy Inc. by 30.3%, selling 35,805 shares, leaving them with 82,171 shares worth approximately $1.57 million.
• PBF Energy's stock recently experienced an 8.4% decline and reported a quarterly earnings loss of ($1.03) per share, missing expectations despite exceeding revenue predictions at $7.48 billion.
• The company declared a quarterly dividend of $0.275, resulting in an annualized yield of 4.9%, highlighting its commitment to returning value to shareholders.

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 30.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 82,171 shares of the oil and gas company's stock after selling 35,805 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of PBF Energy worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PBF. Canada Pension Plan Investment Board raised its holdings in shares of PBF Energy by 5.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 336,300 shares of the oil and gas company's stock valued at $8,929,000 after acquiring an additional 17,400 shares in the last quarter. Norges Bank purchased a new stake in shares of PBF Energy in the 4th quarter valued at about $20,896,000. Bank of New York Mellon Corp raised its holdings in shares of PBF Energy by 14.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company's stock valued at $40,504,000 after acquiring an additional 260,464 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of PBF Energy in the 1st quarter valued at about $300,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of PBF Energy by 94.7% in the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock valued at $15,104,000 after acquiring an additional 276,672 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PBF. Wells Fargo & Company raised their price target on PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. UBS Group upgraded PBF Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $20.00 to $26.00 in a research report on Tuesday, May 13th. Citigroup increased their price objective on PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Morgan Stanley increased their price objective on PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Mizuho increased their price objective on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.17.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 48,500 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the transaction, the insider owned 30,823,498 shares in the company, valued at $554,514,729.02. This represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.70% of the company's stock.

PBF Energy Trading Up 1.0%

PBF traded up $0.23 on Tuesday, hitting $23.50. 2,474,184 shares of the company were exchanged, compared to its average volume of 3,155,757. The firm has a fifty day simple moving average of $22.76 and a two-hundred day simple moving average of $21.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 1.31. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $37.99. The stock has a market capitalization of $2.72 billion, a PE ratio of -2.74 and a beta of 0.92.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, topping analysts' consensus estimates of ($1.19) by $0.16. The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%. The business's quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company earned ($0.54) EPS. Sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, August 14th. PBF Energy's dividend payout ratio (DPR) is currently -12.81%.

About PBF Energy

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.