Amundi Sells 230,852 Shares of PBF Energy Inc. (NYSE:PBF)

Amundi lessened its position in shares of PBF Energy Inc. (NYSE:PBF) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,014 shares of the oil and gas company’s stock after selling 230,852 shares during the period. Amundi’s holdings in PBF Energy were worth $10,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in PBF Energy by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock valued at $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Private Management Group Inc. lifted its stake in PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after purchasing an additional 208,599 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in PBF Energy by 132.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Finally, Hara Capital LLC lifted its stake in PBF Energy by 8.5% in the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock valued at $14,586,000 after purchasing an additional 43,073 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

PBF Energy Trading Up 5.2 %

PBF opened at $20.70 on Friday. PBF Energy Inc. has a twelve month low of $18.97 and a twelve month high of $62.88. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $25.93 and a 200-day moving average of $29.10. The stock has a market cap of $2.39 billion, a PE ratio of -4.39 and a beta of 1.62.

PBF Energy (NYSE:PBF) last posted 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 return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, sell-side analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company 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 5.32%. The ex-dividend date was Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PBF shares. UBS Group dropped their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. TD Cowen dropped their price objective on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $33.00 to $31.00 in a research note on Monday, December 16th. Finally, Morgan Stanley dropped their price target on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.36.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $26.86 per share, for a total transaction of $9,172,690.00. Following the completion of the acquisition, the insider now owns 28,814,998 shares of the company’s stock, valued at $773,970,846.28. This trade represents a 1.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 1,062,500 shares of company stock worth $28,442,290 over the last three months. 5.30% of the stock is owned by company insiders.

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.