Headlands Technologies LLC Acquires New Stake in PBF Energy Inc. (NYSE:PBF)

Headlands Technologies LLC acquired a new position in shares of PBF Energy Inc. (NYSE:PBFFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,893 shares of the oil and gas company’s stock, valued at approximately $101,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of PBF Energy by 12.2% during the first quarter. JPMorgan Chase & Co. now owns 396,209 shares of the oil and gas company’s stock worth $9,656,000 after acquiring an additional 43,143 shares during the last quarter. Raymond James & Associates acquired a new position in PBF Energy in the first quarter valued at approximately $224,000. MetLife Investment Management LLC boosted its stake in PBF Energy by 56.1% in the first quarter. MetLife Investment Management LLC now owns 51,879 shares of the oil and gas company’s stock valued at $1,264,000 after acquiring an additional 18,652 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of PBF Energy during the first quarter worth approximately $578,000. Finally, Rhumbline Advisers boosted its position in shares of PBF Energy by 0.3% during the first quarter. Rhumbline Advisers now owns 308,096 shares of the oil and gas company’s stock worth $7,508,000 after buying an additional 784 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

PBF Energy Trading Up 0.9 %

Shares of NYSE:PBF opened at $53.35 on Monday. The stock has a market capitalization of $6.52 billion, a PE ratio of 2.46 and a beta of 1.72. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19. PBF Energy Inc. has a 1 year low of $31.25 and a 1 year high of $56.38. The firm has a fifty day moving average price of $44.85 and a 200 day moving average price of $46.92.

Analysts Set New Price Targets

PBF has been the topic of several recent analyst reports. UBS Group dropped their target price on PBF Energy from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, December 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 price target (down previously from $65.00) on shares of PBF Energy in a report on Monday, January 8th. StockNews.com cut PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Citigroup assumed coverage on PBF Energy in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, Mizuho upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.00.

View Our Latest Analysis on PBF Energy

Insiders Place Their Bets

In other PBF Energy news, SVP Trecia M. Canty sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $46.69, for a total transaction of $466,900.00. Following the completion of the transaction, the senior vice president now owns 89,587 shares of the company’s stock, valued at approximately $4,182,817.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other PBF Energy news, insider Control Empresarial De Capital purchased 770,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average price of $42.95 per share, with a total value of $33,071,500.00. Following the completion of the transaction, the insider now directly owns 13,832,998 shares of the company’s stock, valued at approximately $594,127,264.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Trecia M. Canty sold 10,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $46.69, for a total transaction of $466,900.00. Following the completion of the transaction, the senior vice president now directly owns 89,587 shares of the company’s stock, valued at approximately $4,182,817.03. The disclosure for this sale can be found here. Insiders bought a total of 1,268,200 shares of company stock valued at $54,251,872 in the last quarter. Insiders own 5.30% of the company’s stock.

PBF Energy Profile

(Free Report)

PBF Energy Inc, together with 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.

See Also

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

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