Knights of Columbus Asset Advisors LLC Has $5.74 Million Stock Holdings in PBF Energy Inc. (NYSE:PBF)

Knights of Columbus Asset Advisors LLC boosted its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 94.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,499 shares of the oil and gas company's stock after purchasing an additional 63,426 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.11% of PBF Energy worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in PBF Energy by 39.8% in the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in PBF Energy during the fourth quarter valued at about $44,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in PBF Energy during the first quarter valued at about $48,000. DekaBank Deutsche Girozentrale purchased a new stake in PBF Energy during the fourth quarter valued at about $73,000. Finally, Point72 Hong Kong Ltd purchased a new stake in PBF Energy during the first quarter valued at about $76,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PBF Energy

In other news, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Paul T. Davis sold 100,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the transaction, the senior vice president now directly owns 110,978 shares of the company's stock, valued at approximately $6,255,829.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares of the company's stock, valued at $8,829,813.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,000 shares of company stock worth $10,074,600. 5.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of research reports. Mizuho downgraded PBF Energy from a "buy" rating to a "neutral" rating and boosted their price target for the company from $53.00 to $58.00 in a research report on Friday, March 22nd. Wells Fargo & Company upped their target price on PBF Energy from $65.00 to $71.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. TD Cowen upped their target price on PBF Energy from $35.00 to $41.00 and gave the stock a "market perform" rating in a research report on Friday, February 16th. Scotiabank upped their target price on PBF Energy from $39.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Finally, Bank of America raised PBF Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $52.00 to $74.00 in a research report on Friday, March 15th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $57.55.

PBF Energy Stock Up 0.8 %

NYSE PBF traded up $0.43 on Friday, hitting $55.92. 2,340,636 shares of the stock traded hands, compared to its average volume of 1,470,231. The stock has a 50-day moving average of $53.86 and a 200 day moving average of $48.36. PBF Energy Inc. has a twelve month low of $31.25 and a twelve month high of $62.88. The company has a market capitalization of $6.69 billion, a P/E ratio of 3.40 and a beta of 1.73. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.65 billion. During the same quarter in the previous year, the company earned $4.41 EPS. The company's quarterly revenue was down 15.7% compared to the same quarter last year. As a group, analysts expect that PBF Energy Inc. will post 7.21 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy's payout ratio is 6.08%.

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.