Empirical Finance LLC Has $299,000 Holdings in PBF Energy Inc. (NYSE:PBF)

Empirical Finance LLC trimmed its stake in shares of PBF Energy Inc. (NYSE:PBF) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,268 shares of the oil and gas company’s stock after selling 8,698 shares during the period. Empirical Finance LLC’s holdings in PBF Energy were worth $299,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its stake in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares during the period. Quarry LP bought a new position in shares of PBF Energy during the third quarter worth about $48,000. Harbor Capital Advisors Inc. acquired a new stake in PBF Energy in the 3rd quarter valued at approximately $59,000. Golden State Wealth Management LLC bought a new stake in PBF Energy in the 4th quarter valued at approximately $61,000. Finally, Blue Trust Inc. boosted its position in PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 2,027 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $39.00 to $34.00 in a research report on Monday, December 9th. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Bank of America began coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus target price of $32.00.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 150,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of $28.70 per share, with a total value of $4,305,000.00. Following the acquisition, the insider now directly owns 29,505,998 shares in the company, valued at $846,822,142.60. This represents a 0.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 1,968,500 shares of company stock worth $58,476,810. 5.30% of the stock is owned by insiders.

PBF Energy Trading Up 0.1 %

Shares of PBF Energy stock opened at $28.73 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The business has a fifty day simple moving average of $28.58 and a two-hundred day simple moving average of $31.44. PBF Energy Inc. has a 1 year low of $24.21 and a 1 year high of $62.88. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -11.09 and a beta of 1.60.

About PBF Energy

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.