GAMMA Investing LLC Purchases 3,356 Shares of PBF Energy Inc. $PBF

GAMMA Investing LLC lifted its position in PBF Energy Inc. (NYSE:PBF) by 289.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,516 shares of the oil and gas company’s stock after buying an additional 3,356 shares during the quarter. GAMMA Investing LLC’s holdings in PBF Energy were worth $98,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PBF. Fifth Third Bancorp grew its stake in shares of PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of PBF Energy by 761.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,248 shares in the last quarter. Allworth Financial LP grew its stake in shares of PBF Energy by 194.3% in the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 1,090 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of PBF Energy in the first quarter valued at $35,000. Finally, Neo Ivy Capital Management bought a new position in shares of PBF Energy in the first quarter valued at $37,000. 96.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

PBF has been the subject of several analyst reports. Citigroup raised their target price on shares of PBF Energy from $16.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their price target on PBF Energy from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Bank of America raised their price target on PBF Energy from $16.00 to $21.00 and gave the company an “underperform” rating in a report on Wednesday, September 3rd. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price target for the company. in a report on Monday, September 15th. Finally, 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 report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $26.38.

Insider Transactions at PBF Energy

In related news, SVP Connor Thomas L. O sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $34.00, for a total value of $1,020,000.00. Following the completion of the transaction, the senior vice president owned 207,984 shares of the company’s stock, valued at $7,071,456. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Trecia M. Canty sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $34.13, for a total value of $1,706,500.00. Following the completion of the transaction, the senior vice president directly owned 173,332 shares of the company’s stock, valued at approximately $5,915,821.16. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

PBF Energy Stock Down 0.7%

PBF opened at $29.97 on Thursday. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 1.31. The company has a market capitalization of $3.47 billion, a P/E ratio of -3.49 and a beta of 0.85. The stock has a fifty day moving average of $26.55 and a 200-day moving average of $22.39.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.19) by $0.16. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.The company’s revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.54) earnings per share. On average, equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. PBF Energy’s payout ratio is -12.81%.

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.