SG Americas Securities LLC Sells 29,723 Shares of PBF Energy Inc. (NYSE:PBF)

SG Americas Securities LLC trimmed its stake in shares of PBF Energy Inc. (NYSE:PBF) by 88.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,828 shares of the oil and gas company’s stock after selling 29,723 shares during the quarter. SG Americas Securities LLC’s holdings in PBF Energy were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Leavell Investment Management Inc. boosted its position in PBF Energy by 3.0% during the third quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 460 shares during the period. Nisa Investment Advisors LLC boosted its position in PBF Energy by 1.7% during the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after purchasing an additional 485 shares during the period. Verdence Capital Advisors LLC boosted its position in PBF Energy by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 543 shares during the period. Farther Finance Advisors LLC boosted its position in PBF Energy by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 573 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PBF Energy by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock worth $782,000 after purchasing an additional 620 shares during the period. 96.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PBF. JPMorgan Chase & Co. reduced their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Finally, Bank of America started coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price for the company. Seven research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy currently has an average rating of “Hold” and an average target price of $32.00.

PBF Energy Stock Down 7.3 %

Shares of NYSE PBF opened at $26.64 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -10.29 and a beta of 1.60. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The stock has a 50-day moving average price of $28.52 and a two-hundred day moving average price of $31.36.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital bought 70,000 shares of the stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $25.56 per share, with a total value of $1,789,200.00. Following the completion of the purchase, the insider now owns 28,884,998 shares in the company, valued at $738,300,548.88. The trade was a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders acquired 1,968,500 shares of company stock valued at $58,476,810. 5.30% of the stock is currently owned by corporate 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.