PBF Energy Inc. (NYSE:PBF) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its position in PBF Energy Inc. (NYSE:PBF) by 100.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,378 shares of the oil and gas company’s stock after purchasing an additional 2,194 shares during the quarter. Blue Trust Inc.’s holdings in PBF Energy were worth $116,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares during the period. Quarry LP purchased a new stake in PBF Energy in the 3rd quarter valued at $48,000. Harbor Capital Advisors Inc. acquired a new stake in PBF Energy during the 3rd quarter worth $59,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in PBF Energy during the 4th quarter worth $68,000. Finally, Avior Wealth Management LLC grew its position in PBF Energy by 58.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $80,000 after purchasing an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PBF shares. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Scotiabank decreased their price target on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and lowered their price objective for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

PBF Energy Stock Performance

NYSE:PBF opened at $28.07 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The firm’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $31.72. The stock has a market cap of $3.23 billion, a PE ratio of -10.84 and a beta of 1.60.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $25.56 per share, with a total value of $1,789,200.00. Following the completion of the purchase, the insider now directly owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. The trade was a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 1,818,500 shares of company stock worth $54,171,810. 5.30% of the stock is owned by company insiders.

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.