Mutual of America Capital Management LLC Sells 4,281 Shares of PBF Energy Inc. (NYSE:PBF)

Mutual of America Capital Management LLC decreased its stake in shares of PBF Energy Inc. (NYSE:PBF) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,267 shares of the oil and gas company’s stock after selling 4,281 shares during the period. Mutual of America Capital Management LLC owned 0.06% of PBF Energy worth $2,957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of PBF Energy by 2.4% during the 1st quarter. BlackRock Inc. now owns 13,857,287 shares of the oil and gas company’s stock worth $600,852,000 after buying an additional 321,654 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PBF Energy by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 13,175,781 shares of the oil and gas company’s stock worth $463,260,000 after buying an additional 716,698 shares during the period. Moneta Group Investment Advisors LLC bought a new stake in shares of PBF Energy during the 4th quarter worth about $412,454,000. Millennium Management LLC boosted its holdings in shares of PBF Energy by 12.1% during the 4th quarter. Millennium Management LLC now owns 2,626,237 shares of the oil and gas company’s stock worth $107,098,000 after buying an additional 283,113 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of PBF Energy by 14.5% during the 1st quarter. Geode Capital Management LLC now owns 2,527,383 shares of the oil and gas company’s stock worth $109,587,000 after buying an additional 320,148 shares during the period. Institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

PBF stock opened at $55.49 on Friday. The company has a 50 day simple moving average of $53.81 and a 200 day simple moving average of $48.34. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 3.37 and a beta of 1.73. PBF Energy Inc. has a 1 year low of $31.25 and a 1 year high of $62.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.65 billion. PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. PBF Energy’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.41 earnings per share. Research analysts anticipate that PBF Energy Inc. will post 6.06 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors 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 yield of 1.80%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s dividend payout ratio is 6.08%.

Insider Buying and Selling

In related news, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were 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 in the company, valued at approximately $6,255,829.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares of the company’s stock, valued at $8,829,813.66. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock worth $10,074,600 in the last three months. 5.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on PBF shares. Scotiabank lifted their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler boosted their price objective on shares of PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company boosted their price objective on shares of PBF Energy from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. TD Cowen boosted their price objective on shares of PBF Energy from $35.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, Citigroup assumed coverage on shares of PBF Energy in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.55.

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.