GAMMA Investing LLC Grows Holdings in PBF Energy Inc. (NYSE:PBF)

GAMMA Investing LLC increased its position in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 2,703.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,144 shares of the oil and gas company's stock after purchasing an additional 21,354 shares during the period. GAMMA Investing LLC's holdings in PBF Energy were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock worth $56,191,000 after buying an additional 1,272,254 shares in the last quarter. Norges Bank purchased a new stake in shares of PBF Energy during the fourth quarter worth about $20,896,000. Recurrent Investment Advisors LLC raised its stake in PBF Energy by 154.0% during the 4th quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company's stock valued at $25,096,000 after purchasing an additional 573,161 shares during the period. JPMorgan Chase & Co. lifted its holdings in PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after purchasing an additional 562,287 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in PBF Energy by 94.7% in the 4th quarter. Nuveen Asset Management LLC now owns 568,901 shares of the oil and gas company's stock worth $15,104,000 after purchasing an additional 276,672 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 110,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $17.40 per share, for a total transaction of $1,914,000.00. Following the completion of the transaction, the insider now directly owns 30,696,998 shares of the company's stock, valued at approximately $534,127,765.20. This represents a 0.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 224,500 shares of company stock worth $3,816,695 over the last quarter. Insiders own 5.30% of the company's stock.

PBF Energy Trading Up 2.8%

PBF traded up $0.65 on Friday, hitting $23.82. The company had a trading volume of 4,320,204 shares, compared to its average volume of 2,642,925. The business's fifty day simple moving average is $19.04 and its 200 day simple moving average is $22.78. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. PBF Energy Inc. has a 12-month low of $13.62 and a 12-month high of $48.20. The company has a market cap of $2.75 billion, a PE ratio of -2.62 and a beta of 0.82.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.50) by $0.41. The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 15.67% and a negative net margin of 3.30%. The company's revenue for the quarter was down 18.3% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities research analysts expect 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 Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.62%. The ex-dividend date was Thursday, May 15th. PBF Energy's payout ratio is -12.09%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price 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, March 11th. UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $26.00 in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley reduced their target price on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.18.

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.