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

KBC Group NV grew its stake in shares of PBF Energy Inc. (NYSE:PBF) by 48.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,174 shares of the oil and gas company’s stock after purchasing an additional 1,357 shares during the period. KBC Group NV’s holdings in PBF Energy were worth $111,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fortitude Family Office LLC increased its position in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP purchased a new position in PBF Energy during the 3rd quarter worth approximately $48,000. Harbor Capital Advisors Inc. acquired a new position in PBF Energy during the third quarter worth approximately $59,000. Blue Trust Inc. lifted its stake in PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PBF shares. StockNews.com cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their target price for the stock from $27.00 to $20.00 in a research note on Friday, December 20th. The Goldman Sachs Group reduced their price objective 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. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Finally, 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. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital purchased 40,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the completion of the transaction, the insider now directly owns 29,355,998 shares in the company, valued at $806,409,265.06. This represents a 0.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 1,968,500 shares of company stock worth $58,476,810 over the last 90 days. Company insiders own 6.20% of the company’s stock.

PBF Energy Price Performance

PBF Energy stock opened at $27.82 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of -10.74 and a beta of 1.60. PBF Energy Inc. has a one year low of $24.21 and a one year high of $62.88. The business has a fifty day moving average of $28.74 and a two-hundred day moving average of $31.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

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.