PBF Energy Inc. (NYSE:PBF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in PBF Energy Inc. (NYSE:PBF) by 26.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 785,000 shares of the oil and gas company’s stock after selling 275,900 shares during the quarter. Renaissance Technologies LLC owned 0.66% of PBF Energy worth $36,126,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of PBF Energy during the 2nd quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in PBF Energy in the 1st quarter valued at $27,000. Creekmur Asset Management LLC purchased a new stake in PBF Energy in the 4th quarter worth $29,000. Finally, CWM LLC raised its position in PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital purchased 670,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $31.29 per share, with a total value of $20,964,300.00. Following the purchase, the insider now directly owns 22,527,398 shares in the company, valued at approximately $704,882,283.42. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 2,684,300 shares of company stock valued at $93,389,546 over the last quarter. 5.30% of the stock is owned by insiders.

PBF Energy Stock Up 0.5 %

NYSE PBF opened at $33.22 on Thursday. The business’s fifty day simple moving average is $36.01 and its 200-day simple moving average is $45.78. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.94 billion, a PE ratio of 2.30 and a beta of 1.56. PBF Energy Inc. has a 52 week low of $30.61 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last posted its earnings results 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. As a group, equities analysts anticipate that PBF Energy Inc. will post 1.25 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.01%. PBF Energy’s payout ratio is 6.92%.

Wall Street Analyst Weigh In

PBF has been the topic of several research analyst reports. Wolfe Research assumed coverage on shares of PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group lowered their price objective on PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their target price on PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. The Goldman Sachs Group lowered their price target on PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Finally, Tudor, Pickering, Holt & Co. cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.91.

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.