PBF Energy Inc. (NYSE:PBF) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in PBF Energy Inc. (NYSE:PBF) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,232 shares of the oil and gas company’s stock after selling 804 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PBF Energy were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 224 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of PBF Energy in the first quarter valued at approximately $27,000. National Bank of Canada FI purchased a new position in shares of PBF Energy during the 2nd quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $29,000. Finally, CWM LLC lifted its stake in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

PBF has been the subject of a number of analyst reports. Morgan Stanley cut their price target on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Mizuho decreased their price target on shares of PBF Energy from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Scotiabank cut their price objective on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Wolfe Research assumed coverage on shares of PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.91.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital purchased 307,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $39.22 per share, for a total transaction of $12,040,540.00. Following the acquisition, the insider now owns 18,079,598 shares in the company, valued at $709,081,833.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 2,897,300 shares of company stock worth $95,603,276. 5.30% of the stock is currently owned by corporate insiders.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $31.35 on Friday. The business’s fifty day moving average price is $35.15 and its 200 day moving average price is $45.18. PBF Energy Inc. has a twelve month low of $30.58 and a twelve month high of $62.88. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.72 billion, a P/E ratio of 2.17 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share 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 net margin of 2.09% and a return on equity of 12.81%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, research analysts anticipate that PBF Energy Inc. will post 0.6 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s payout ratio is currently 6.92%.

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.