PBF Energy Inc. (NYSE:PBF) Stock Position Trimmed by Amalgamated Bank

Amalgamated Bank decreased its position in PBF Energy Inc. (NYSE:PBF) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,151 shares of the oil and gas company’s stock after selling 5,910 shares during the period. Amalgamated Bank’s holdings in PBF Energy were worth $2,354,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise grew its holdings in PBF Energy by 10.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC boosted its position in PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 224 shares during the period. Retirement Systems of Alabama grew its stake in shares of PBF Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after purchasing an additional 359 shares in the last quarter. US Bancorp DE increased its holdings in shares of PBF Energy by 5.3% during the first quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock valued at $452,000 after purchasing an additional 395 shares during the period. Finally, Rise Advisors LLC bought a new stake in shares of PBF Energy during the first quarter valued at about $27,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Trading Down 1.4 %

Shares of NYSE PBF opened at $31.19 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. PBF Energy Inc. has a 12 month low of $30.61 and a 12 month high of $62.88. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 2.16 and a beta of 1.56. The business has a fifty day simple moving average of $35.34 and a 200-day simple moving average of $45.29.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The firm had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. Sell-side analysts predict that PBF Energy Inc. will post 1.25 EPS for the current year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s payout ratio is 6.92%.

Analysts Set New Price Targets

Several equities analysts have commented on PBF shares. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Tudor Pickering raised PBF Energy to a “strong sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Morgan Stanley dropped their price objective on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on PBF Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.91.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 140,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of $45.73 per share, with a total value of $6,402,200.00. Following the completion of the transaction, the insider now directly owns 17,772,598 shares in the company, valued at approximately $812,740,906.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 2,997,300 shares of company stock valued at $100,768,276 in the last three months. 5.30% of the stock is currently owned by company insiders.

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.