PBF Energy Inc. (NYSE:PBF) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of PBF Energy Inc. (NYSE:PBFFree Report) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,427 shares of the oil and gas company’s stock after purchasing an additional 514 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PBF Energy were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of PBF Energy by 51.4% in the 2nd quarter. Parallel Advisors LLC now owns 695 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 236 shares during the period. Fifth Third Bancorp grew its holdings in PBF Energy by 39.8% during the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 230 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in PBF Energy during the 1st quarter valued at $48,000. Farther Finance Advisors LLC boosted its holdings in shares of PBF Energy by 473.5% during the second quarter. Farther Finance Advisors LLC now owns 1,210 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 999 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of PBF Energy during the second quarter worth $68,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on PBF Energy

Insider Buying and Selling at PBF Energy

In other news, SVP Trecia M. Canty sold 10,000 shares of PBF Energy 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 sale, the senior vice president now directly owns 89,587 shares of the company’s stock, valued at $4,182,817.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other PBF Energy news, insider Control Empresarial De Capital bought 486,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were acquired at an average cost of $42.48 per share, with a total value of $20,645,280.00. Following the completion of the transaction, the insider now owns 13,062,998 shares in the company, valued at $554,916,155.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Trecia M. Canty sold 10,000 shares of PBF Energy stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $46.69, for a total value 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 $4,182,817.03. The disclosure for this sale can be found here. Insiders have purchased 1,268,200 shares of company stock valued at $54,251,872 over the last three months. 5.30% of the stock is owned by company insiders.

PBF Energy Trading Down 0.4 %

NYSE:PBF opened at $53.11 on Tuesday. The business’s 50-day moving average is $45.03 and its two-hundred day moving average is $46.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 0.85. PBF Energy Inc. has a 12 month low of $31.25 and a 12 month high of $56.38. The firm has a market capitalization of $6.49 billion, a PE ratio of 2.45 and a beta of 1.72.

About PBF Energy

(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.

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

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