PBF Energy Inc. (NYSE:PBF) Shares Acquired by Private Management Group Inc.

Private Management Group Inc. boosted its position in PBF Energy Inc. (NYSE:PBF) by 24.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,057,295 shares of the oil and gas company’s stock after acquiring an additional 208,599 shares during the quarter. Private Management Group Inc.’s holdings in PBF Energy were worth $28,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PBF. Yousif Capital Management LLC increased its position in shares of PBF Energy by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock worth $1,084,000 after acquiring an additional 459 shares during the last quarter. ARGA Investment Management LP grew its stake in PBF Energy by 15.3% during the 4th quarter. ARGA Investment Management LP now owns 43,749 shares of the oil and gas company’s stock valued at $1,162,000 after purchasing an additional 5,814 shares in the last quarter. Spire Wealth Management increased its holdings in PBF Energy by 28.2% during the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 585 shares during the last quarter. KBC Group NV raised its position in shares of PBF Energy by 48.2% in the 4th quarter. KBC Group NV now owns 4,174 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 1,357 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of PBF Energy by 100.5% during the 4th quarter. Blue Trust Inc. now owns 4,378 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 2,194 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Trading Down 2.3 %

Shares of NYSE:PBF opened at $29.67 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $28.84 and its 200 day moving average price is $31.73. The company has a market cap of $3.42 billion, a PE ratio of -11.45 and a beta of 1.60. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group decreased their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Wells Fargo & Company lowered PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $34.00 in a research report on Monday, December 9th. Bank of America initiated coverage on shares of PBF Energy in a report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Insider Activity

In related news, insider Control Empresarial De Capital bought 57,000 shares of the stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the purchase, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This represents a 0.21 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have acquired 1,818,500 shares of company stock valued at $54,171,810. Insiders own 6.20% of the company’s stock.

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.