Clinton Group Inc. Sells 60,491 Shares of PBF Energy Inc. (PBF)

Clinton Group Inc. cut its position in shares of PBF Energy Inc. (NYSE:PBF) by 57.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,760 shares of the company’s stock after selling 60,491 shares during the period. Clinton Group Inc.’s holdings in PBF Energy were worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in PBF Energy by 5.1% in the second quarter. Amalgamated Bank now owns 11,818 shares of the company’s stock worth $269,000 after buying an additional 570 shares in the last quarter. Miles Capital Inc. increased its stake in PBF Energy by 1.5% in the second quarter. Miles Capital Inc. now owns 49,571 shares of the company’s stock worth $1,179,000 after buying an additional 753 shares in the last quarter. FDx Advisors Inc. increased its stake in PBF Energy by 2.8% in the second quarter. FDx Advisors Inc. now owns 29,792 shares of the company’s stock worth $708,000 after buying an additional 807 shares in the last quarter. California State Teachers Retirement System increased its stake in PBF Energy by 0.8% in the third quarter. California State Teachers Retirement System now owns 214,467 shares of the company’s stock worth $4,856,000 after buying an additional 1,700 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in PBF Energy by 14.9% in the second quarter. Teacher Retirement System of Texas now owns 13,726 shares of the company’s stock worth $326,000 after buying an additional 1,782 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of PBF Energy Inc. (NYSE:PBF) traded down 0.53% during midday trading on Friday, hitting $24.23. The company had a trading volume of 1,441,532 shares. The company’s market capitalization is $2.38 billion. The company’s 50-day moving average price is $24.83 and its 200 day moving average price is $23.73. PBF Energy Inc. has a 12-month low of $19.47 and a 12-month high of $35.67.

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A number of research firms recently issued reports on PBF. Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 22nd. Tudor Pickering downgraded PBF Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Wolfe Research raised PBF Energy from a “peer perform” rating to an “outperform” rating in a research report on Monday, November 14th. Scotiabank downgraded PBF Energy from a “focus stock” rating to an “outperform” rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Friday, October 21st. Finally, Howard Weil downgraded PBF Energy from a “focus stock” rating to a “sector outperform” rating and lowered their price target for the stock from $29.00 to $24.00 in a research report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. PBF Energy has an average rating of “Hold” and a consensus price target of $25.25.

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.

5 Day Chart for NYSE:PBF

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