Amalgamated Bank lifted its stake in shares of PBF Energy Inc. (NYSE:PBF) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,148 shares of the oil and gas company’s stock after acquiring an additional 5,821 shares during the period. Amalgamated Bank’s holdings in PBF Energy were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of PBF Energy by 167.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 75,197 shares of the oil and gas company’s stock worth $1,673,000 after acquiring an additional 47,041 shares during the period. Cadence Capital Management LLC raised its holdings in shares of PBF Energy by 30.4% during the 2nd quarter. Cadence Capital Management LLC now owns 25,875 shares of the oil and gas company’s stock worth $576,000 after acquiring an additional 6,025 shares during the period. UBS Group AG raised its holdings in shares of PBF Energy by 4.6% during the 1st quarter. UBS Group AG now owns 84,654 shares of the oil and gas company’s stock worth $1,877,000 after acquiring an additional 3,706 shares during the period. Arizona State Retirement System purchased a new position in shares of PBF Energy during the 2nd quarter worth $1,030,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of PBF Energy by 50.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 1,580 shares during the period.

Shares of PBF Energy Inc. (NYSE:PBF) opened at 26.83 on Friday. PBF Energy Inc. has a 12 month low of $18.48 and a 12 month high of $30.98. The firm’s market capitalization is $2.94 billion. The company’s 50 day moving average price is $24.47 and its 200-day moving average price is $22.37.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same quarter last year, the company posted $0.14 earnings per share. On average, equities analysts predict that PBF Energy Inc. will post $0.86 earnings per share for the current fiscal year.

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Several research firms have recently commented on PBF. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a research report on Thursday, August 17th. Finally, BidaskClub downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.30.

About PBF Energy

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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Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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