2,300 Shares in PBF Energy Inc. (NYSE:PBF) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,300 shares of the oil and gas company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PBF. Fortitude Family Office LLC boosted 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 valued at $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 valued at about $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy in the third quarter worth about $59,000. Blue Trust Inc. increased its stake in shares of PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,027 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Trading Up 3.1 %

PBF Energy stock opened at $28.68 on Tuesday. The business has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $31.52. PBF Energy Inc. has a 52-week low of $24.21 and a 52-week high of $62.88. 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 has a market cap of $3.30 billion, a P/E ratio of -11.07 and a beta of 1.60.

Analyst Ratings Changes

A number of research analysts recently weighed in on PBF shares. TD Cowen lowered PBF Energy from a “hold” rating to a “sell” rating and reduced their price objective for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. The Goldman Sachs Group reduced their price target on shares of 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. decreased their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy presently has an average rating of “Hold” and an average target price of $32.00.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital purchased 100,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $31.28 per share, with a total value of $3,128,000.00. Following the completion of the acquisition, the insider now owns 26,532,498 shares of the company’s stock, valued at approximately $829,936,537.44. This trade represents a 0.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 1,968,500 shares of company stock worth $58,476,810. 5.30% of the stock is owned by company insiders.

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.