Private Management Group Inc. raised its stake in shares of PBF Energy Inc. (NYSE:PBF - Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,057,295 shares of the oil and gas company's stock after purchasing an additional 208,599 shares during the period. Private Management Group Inc. owned 0.92% of PBF Energy worth $28,071,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock valued at $47,663,000 after buying an additional 1,226,909 shares during the period. BNP Paribas Financial Markets boosted its holdings in PBF Energy by 132.6% in the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company's stock valued at $26,717,000 after acquiring an additional 492,053 shares during the last quarter. Recurrent Investment Advisors LLC purchased a new stake in PBF Energy during the third quarter valued at about $11,516,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in PBF Energy during the third quarter worth about $10,506,000. Finally, Hara Capital LLC raised its holdings in shares of PBF Energy by 28.9% in the 3rd quarter. Hara Capital LLC now owns 506,317 shares of the oil and gas company's stock worth $15,670,000 after purchasing an additional 113,519 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.
Insider Transactions at PBF Energy
In related news, insider Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the transaction, the insider now owns 26,739,498 shares of the company's stock, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 1,968,500 shares of company stock valued at $58,476,810. 5.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PBF. JPMorgan Chase & Co. decreased their target price on PBF Energy from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, January 10th. StockNews.com lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. TD Cowen downgraded PBF Energy from a "hold" rating to a "sell" rating and lowered their price target for the company from $27.00 to $20.00 in a report on Friday, December 20th. Finally, Bank of America initiated coverage on PBF Energy in a research note on Thursday, October 17th. They set an "underperform" rating and a $25.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, PBF Energy has an average rating of "Hold" and an average price target of $32.00.
View Our Latest Stock Analysis on PBF Energy
PBF Energy Stock Down 1.0 %
NYSE PBF traded down $0.28 during mid-day trading on Friday, reaching $27.82. 1,706,461 shares of the company's stock traded hands, compared to its average volume of 2,074,934. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88. The company has a fifty day simple moving average of $28.66 and a 200-day simple moving average of $31.57. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -10.74 and a beta of 1.60.
About PBF Energy
(
Free Report)
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.
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