PBF Energy Inc. (NYSE:PBF – Get Rating) was the recipient of unusually large options trading on Wednesday. Investors bought 4,645 call options on the company. This represents an increase of approximately 90% compared to the average volume of 2,442 call options.

Insider Buying and Selling

In related news, SVP Connor Thomas L. O sold 100,000 shares of the firm's stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $37.54, for a total transaction of $3,754,000.00. Following the completion of the sale, the senior vice president now directly owns 80,000 shares in the company, valued at $3,003,200. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in PBF Energy during the fourth quarter valued at approximately $3,207,000. Swiss National Bank boosted its position in shares of PBF Energy by 7.4% in the first quarter. Swiss National Bank now owns 227,500 shares of the oil and gas company's stock worth $5,544,000 after buying an additional 15,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of PBF Energy by 10.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,992 shares of the oil and gas company's stock valued at $7,944,000 after buying an additional 31,345 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in PBF Energy during the 1st quarter worth approximately $617,000. Finally, Seven Eight Capital LP lifted its position in PBF Energy by 94.0% during the 4th quarter. Seven Eight Capital LP now owns 26,752 shares of the oil and gas company's stock worth $347,000 after acquiring an additional 12,961 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company's stock.

Analysts Set New Price Targets

PBF Energy Stock Performance

Shares of PBF opened at $39.59 on Thursday. PBF Energy has a 12-month low of $10.58 and a 12-month high of $44.12. The stock has a market cap of $4.83 billion, a P/E ratio of 3.50 and a beta of 2.00. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $33.37 and a two-hundred day moving average of $31.09.

PBF Energy (NYSE:PBF – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The oil and gas company reported $10.58 EPS for the quarter, beating analysts' consensus estimates of $7.36 by $3.22. The business had revenue of $14.08 billion for the quarter, compared to analyst estimates of $10.67 billion. PBF Energy had a return on equity of 55.28% and a net margin of 3.64%. The business's revenue for the quarter was up 104.1% compared to the same quarter last year. During the same quarter last year, the company earned ($1.26) earnings per share. As a group, research analysts predict that PBF Energy will post 20.69 EPS for the current fiscal year.

About PBF Energy

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PBF Energy Inc, together with 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.

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