Amundi Sells 230,852 Shares of PBF Energy Inc. (NYSE:PBF)

Amundi trimmed its holdings in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 38.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,014 shares of the oil and gas company's stock after selling 230,852 shares during the period. Amundi owned about 0.32% of PBF Energy worth $10,090,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock worth $47,663,000 after purchasing an additional 1,226,909 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in PBF Energy by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after acquiring an additional 78,045 shares during the last quarter. Private Management Group Inc. increased its holdings in PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company's stock worth $28,071,000 after acquiring an additional 208,599 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in PBF Energy by 132.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company's stock worth $26,717,000 after acquiring an additional 492,053 shares during the last quarter. Finally, Hara Capital LLC increased its holdings in PBF Energy by 8.5% in the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company's stock worth $14,586,000 after acquiring an additional 43,073 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

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PBF Energy Price Performance

Shares of PBF traded down $0.63 during trading hours on Tuesday, reaching $21.67. 1,975,833 shares of the company's stock traded hands, compared to its average volume of 2,089,061. The stock has a market cap of $2.50 billion, a PE ratio of -4.60 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $25.84 and its 200-day simple moving average is $28.98. PBF Energy Inc. has a 12 month low of $18.97 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. Equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.08%. PBF Energy's payout ratio is -23.35%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 155,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the transaction, the insider now directly owns 30,249,998 shares of the company's stock, valued at $611,049,959.60. This represents a 0.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 1,062,500 shares of company stock worth $28,442,290 in the last quarter. 5.30% of the stock is owned by insiders.

Analysts Set New Price Targets

PBF has been the subject of several recent research reports. UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Mizuho lowered PBF Energy from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Morgan Stanley decreased their price objective on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating for the company in a report on Friday. Piper Sandler reduced their target price on PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. Finally, TD Cowen reduced their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.36.

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.