GAMMA Investing LLC Has $423,000 Stock Holdings in PBF Energy Inc. (NYSE:PBF)

GAMMA Investing LLC increased its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 2,703.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PBF. EverSource Wealth Advisors LLC raised its position in shares of PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after acquiring an additional 614 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of PBF Energy by 783.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,162 shares of the oil and gas company's stock valued at $84,000 after acquiring an additional 2,804 shares during the last quarter. Covestor Ltd raised its position in shares of PBF Energy by 36.3% during the 4th quarter. Covestor Ltd now owns 3,788 shares of the oil and gas company's stock valued at $101,000 after acquiring an additional 1,008 shares during the last quarter. Quantessence Capital LLC bought a new stake in shares of PBF Energy during the 4th quarter valued at $201,000. Finally, Versor Investments LP bought a new stake in shares of PBF Energy during the 4th quarter valued at $202,000. Institutional investors own 96.29% of the company's stock.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 48,500 shares of the stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $17.99 per share, with a total value of $872,515.00. Following the completion of the acquisition, the insider now owns 30,823,498 shares of the company's stock, valued at $554,514,729.02. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have purchased a total of 224,500 shares of company stock valued at $3,816,695 in the last three months. 6.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PBF has been the subject of several research analyst reports. Piper Sandler decreased their price target on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Scotiabank reduced their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company upped their target price on shares of PBF Energy from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $23.18.

PBF Energy Stock Performance

Shares of PBF stock traded down $1.99 on Monday, reaching $21.82. The stock had a trading volume of 6,047,811 shares, compared to its average volume of 2,646,610. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The firm's 50-day moving average is $19.21 and its two-hundred day moving average is $22.60. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -2.40 and a beta of 0.82. PBF Energy Inc. has a 12 month low of $13.62 and a 12 month high of $48.20.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.50) by $0.41. The company had revenue of $7.07 billion for the quarter, compared to analysts' expectations of $6.27 billion. PBF Energy had a negative net margin of 3.30% and a negative return on equity of 15.67%. PBF Energy's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.10 annualized dividend and a yield of 5.04%. PBF Energy's dividend payout ratio is currently -12.09%.

PBF Energy 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.