Universal Beteiligungs und Servicegesellschaft mbH Sells 35,805 Shares of 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 lessened its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 30.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 0.07% of PBF Energy worth $1,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its position in PBF Energy by 150.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after purchasing an additional 1,272,254 shares during the last quarter. Two Sigma Investments LP raised its position in PBF Energy by 12.6% during the 4th quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock valued at $43,690,000 after purchasing an additional 184,194 shares during the last quarter. JPMorgan Chase & Co. raised its position in PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after purchasing an additional 562,287 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in PBF Energy by 1.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,401,700 shares of the oil and gas company's stock valued at $37,215,000 after purchasing an additional 17,100 shares during the last quarter. Institutional investors own 96.29% of the company's stock.

PBF Energy Stock Down 8.4%

PBF stock opened at $22.55 on Friday. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $42.64. The business's 50 day moving average price is $22.68 and its two-hundred day moving average price is $22.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.52 and a current ratio of 1.29. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -2.48 and a beta of 0.84.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.08). The company had revenue of $7.48 billion during the quarter, compared to analysts' expectations of $6.65 billion. PBF Energy had a negative return on equity of 15.67% and a negative net margin of 3.30%. The business's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.54) EPS. As a group, analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.9%. PBF Energy's payout ratio is currently -12.09%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Mizuho upped their price target on PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. Scotiabank reaffirmed a "sector perform" rating and set a $25.00 price target (up previously from $16.00) on shares of PBF Energy in a research report on Friday, July 11th. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $20.00 to $26.00 in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on PBF Energy from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley upped their price target 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. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.08.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital purchased 48,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of $17.99 per share, for a total transaction of $872,515.00. Following the purchase, the insider directly owned 30,823,498 shares of the company's stock, valued at approximately $554,514,729.02. This represents a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by insiders.

PBF Energy Company Profile

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.

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