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

Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy Inc. (NYSE:PBF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,300 shares of the oil and gas company’s stock, valued at approximately $61,000.

Other institutional investors have also added to or reduced their stakes in the company. 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 worth $31,000 after acquiring an additional 1,056 shares during the last quarter. Quarry LP bought a new stake in PBF Energy in the 3rd quarter valued at $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy in the 3rd quarter worth $59,000. Blue Trust Inc. boosted its holdings in shares of PBF Energy by 1,291.1% during the 3rd 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 during 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 about $68,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Stock Performance

Shares of NYSE:PBF opened at $28.68 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -11.07 and a beta of 1.60. The firm’s 50-day moving average is $28.66 and its 200 day moving average is $31.52.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen downgraded 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 report on Friday, December 20th. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $34.00 in a report on Monday, December 9th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Bank of America assumed coverage on shares of PBF Energy in a research note on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $25.56 per share, with a total value of $1,789,200.00. Following the purchase, the insider now directly owns 28,884,998 shares of the company’s stock, valued at approximately $738,300,548.88. This represents a 0.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 1,968,500 shares of company stock worth $58,476,810 over the last 90 days. Company insiders own 5.30% of the company’s stock.

PBF Energy 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.