Capital Fund Management S.A. lowered its position in shares of PBF Energy Inc. (NYSE:PBF) by 63.5% during the second quarter, Holdings Channel reports. The fund owned 21,403 shares of the company’s stock after selling 37,165 shares during the period. Capital Fund Management S.A.’s holdings in PBF Energy were worth $509,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of PBF. Acrospire Investment Management LLC acquired a new stake in shares of PBF Energy during the first quarter worth about $130,000. M&T Bank Corp acquired a new stake in shares of PBF Energy during the first quarter worth about $201,000. IBM Retirement Fund boosted its stake in shares of PBF Energy by 1.8% in the second quarter. IBM Retirement Fund now owns 9,875 shares of the company’s stock worth $235,000 after buying an additional 178 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of PBF Energy during the second quarter worth about $250,000. Finally, BLB&B Advisors LLC boosted its stake in shares of PBF Energy by 5.4% in the second quarter. BLB&B Advisors LLC now owns 11,218 shares of the company’s stock worth $267,000 after buying an additional 579 shares during the last quarter. 99.55% of the stock is currently owned by institutional investors and hedge funds.
PBF Energy Inc. (NYSE:PBF) traded up 0.80% during mid-day trading on Thursday, reaching $20.19. 3,744,273 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $22.20 and its 200 day moving average price is $25.60. The firm’s market cap is $1.98 billion. PBF Energy Inc. has a one year low of $19.47 and a one year high of $41.75.
PBF Energy (NYSE:PBF) last released its earnings results on Friday, July 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.73. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 9.19%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts forecast that PBF Energy Inc. will post ($0.29) EPS for the current year.
Several research firms have recently weighed in on PBF. Tudor Pickering cut shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $26.00 price target on shares of PBF Energy in a report on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $32.00 price target on shares of PBF Energy in a report on Thursday, June 16th. Wolfe Research cut shares of PBF Energy from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Finally, Goldman Sachs Group Inc. cut shares of PBF Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $26.00 in a report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.33.
In other news, insider Connor Thomas L. O bought 10,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of $21.73 per share, for a total transaction of $217,300.00. Following the purchase, the insider now owns 50,000 shares in the company, valued at $1,086,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Nimbley bought 50,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were purchased at an average price of $21.84 per share, for a total transaction of $1,092,000.00. Following the purchase, the chief executive officer now owns 160,000 shares in the company, valued at approximately $3,494,400. The disclosure for this purchase can be found here. Corporate insiders own 5.70% of the company’s stock.
PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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