Sei Investments Co. Sells 56,799 Shares of PBF Energy Inc. (NYSE:PBF)

Sei Investments Co. decreased its holdings in PBF Energy Inc. (NYSE:PBF - Free Report) by 69.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,461 shares of the oil and gas company's stock after selling 56,799 shares during the quarter. Sei Investments Co.'s holdings in PBF Energy were worth $676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PBF. Captrust Financial Advisors raised its holdings in shares of PBF Energy by 32.8% in the third quarter. Captrust Financial Advisors now owns 22,273 shares of the oil and gas company's stock valued at $689,000 after buying an additional 5,498 shares during the last quarter. Quarry LP acquired a new position in shares of PBF Energy during the third quarter worth approximately $48,000. Y Intercept Hong Kong Ltd grew its stake in shares of PBF Energy by 108.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 43,902 shares of the oil and gas company's stock valued at $1,359,000 after purchasing an additional 22,852 shares during the last quarter. Vestcor Inc increased its holdings in shares of PBF Energy by 1,513.2% in the third quarter. Vestcor Inc now owns 14,712 shares of the oil and gas company's stock valued at $455,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in PBF Energy in the 3rd quarter worth approximately $2,404,000. Institutional investors and hedge funds own 96.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho lowered their target price on PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company lowered their price objective on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Scotiabank cut their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday. UBS Group lowered their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their price target on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of "Hold" and an average target price of $24.18.

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Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $209,700.00. Following the completion of the acquisition, the insider now owns 30,757,998 shares in the company, valued at $429,996,812.04. This represents a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 812,000 shares of company stock worth $20,207,980 over the last ninety days. Company insiders own 5.30% of the company's stock.

PBF Energy Trading Up 3.3 %

Shares of PBF stock traded up $0.50 on Friday, hitting $15.44. The stock had a trading volume of 3,422,638 shares, compared to its average volume of 2,347,968. The company has a fifty day moving average price of $21.02 and a two-hundred day moving average price of $26.89. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.78 billion, a P/E ratio of -3.28 and a beta of 1.15. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $60.61.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Thursday, February 27th. PBF Energy's dividend payout ratio is -23.35%.

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.