PBF Energy Inc. (NYSE:PBF) Shares Acquired by KBC Group NV

KBC Group NV lifted its holdings in shares of PBF Energy Inc. (NYSE:PBF) by 48.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,174 shares of the oil and gas company’s stock after buying an additional 1,357 shares during the quarter. KBC Group NV’s holdings in PBF Energy were worth $111,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of PBF Energy by 391.9% in the third 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 last quarter. BNP Paribas Financial Markets grew its stake in PBF Energy by 132.6% during the 3rd 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 in the last quarter. Recurrent Investment Advisors LLC acquired a new stake in PBF Energy in the 3rd quarter valued at about $11,516,000. Hotchkis & Wiley Capital Management LLC purchased a new position in PBF Energy in the 3rd quarter worth approximately $10,506,000. Finally, Private Management Group Inc. boosted its holdings in shares of PBF Energy by 27.5% during the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock worth $26,267,000 after purchasing an additional 183,183 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PBF shares. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and cut their price target for the company from $27.00 to $20.00 in a report on Friday, December 20th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America began coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective for the company. Finally, The Goldman Sachs Group decreased 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. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock in a transaction on Thursday, February 6th. The shares were bought at an average price of $28.70 per share, with a total value of $4,305,000.00. Following the transaction, the insider now directly owns 29,505,998 shares of the company’s stock, valued at approximately $846,822,142.60. This trade represents a 0.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 1,968,500 shares of company stock worth $58,476,810 in the last ninety days. 6.20% of the stock is owned by corporate insiders.

PBF Energy Price Performance

PBF stock opened at $27.82 on Friday. The business’s fifty day moving average price is $28.74 and its 200 day moving average price is $31.69. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88. The company has a market capitalization of $3.20 billion, a PE ratio of -10.74 and a beta of 1.60. 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 Company Profile

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.