APG Asset Management N.V. bought a new position in shares of PBF Energy Inc (NYSE:PBF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 328,700 shares of the oil and gas company’s stock, valued at approximately $9,704,000.

Other hedge funds have also modified their holdings of the company. State Street Corp increased its stake in PBF Energy by 48.0% in the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in PBF Energy in the 3rd quarter valued at approximately $838,000. Northern Trust Corp increased its stake in PBF Energy by 63.2% in the 2nd quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock valued at $22,237,000 after purchasing an additional 386,930 shares in the last quarter. Nationwide Fund Advisors increased its stake in PBF Energy by 339.3% in the 2nd quarter. Nationwide Fund Advisors now owns 210,194 shares of the oil and gas company’s stock valued at $4,679,000 after purchasing an additional 162,344 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its stake in PBF Energy by 119.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 88,814 shares of the oil and gas company’s stock valued at $1,977,000 after purchasing an additional 48,251 shares in the last quarter.

Several equities analysts recently weighed in on PBF shares. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Saturday, December 23rd. Morgan Stanley downgraded PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective for the company. in a research note on Thursday, January 11th. Barclays reaffirmed an “underweight” rating and issued a $26.00 price objective (up from $24.00) on shares of PBF Energy in a research note on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 price objective on shares of PBF Energy in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group downgraded PBF Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 28th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.30.

Shares of PBF Energy Inc (PBF) opened at $30.90 on Friday. The company has a market capitalization of $3,557.46 and a price-to-earnings ratio of 14.78. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. PBF Energy Inc has a fifty-two week low of $18.48 and a fifty-two week high of $37.01.

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PBF Energy Profile

PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.

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Institutional Ownership by Quarter for PBF Energy (NYSE:PBF)

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