O Shaughnessy Asset Management LLC Cuts Position in PBF Energy Inc. (NYSE:PBF)

O Shaughnessy Asset Management LLC lowered its position in shares of PBF Energy Inc. (NYSE:PBF) by 29.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,616 shares of the oil and gas company’s stock after selling 23,717 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PBF Energy were worth $3,317,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after buying an additional 224 shares during the period. Rise Advisors LLC acquired a new stake in PBF Energy in the 1st quarter valued at $27,000. Creekmur Asset Management LLC acquired a new stake in PBF Energy in the 4th quarter valued at $29,000. Fifth Third Bancorp raised its position in PBF Energy by 30.4% in the first quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 222 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of PBF Energy during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 51,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $46.19 per share, with a total value of $2,355,690.00. Following the acquisition, the insider now owns 14,875,198 shares in the company, valued at approximately $687,085,395.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 2,091,100 shares of company stock valued at $93,004,617. 5.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PBF. Wells Fargo & Company lowered their target price on PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Scotiabank dropped their price objective on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Mizuho decreased their target price on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.30.

PBF Energy Stock Up 2.1 %

PBF stock traded up $0.80 during mid-day trading on Wednesday, hitting $39.03. 2,135,600 shares of the company were exchanged, compared to its average volume of 2,042,176. The firm has a fifty day simple moving average of $44.76 and a 200 day simple moving average of $49.21. The company has a market capitalization of $4.63 billion, a PE ratio of 2.65 and a beta of 1.60. PBF Energy Inc. has a twelve month low of $37.62 and a twelve month high of $62.88. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. The business had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. On average, research analysts forecast that PBF Energy Inc. will post 3.19 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. PBF Energy’s payout ratio is currently 6.92%.

PBF Energy 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.