State of Alaska Department of Revenue Takes $230,000 Position in PBF Energy Inc (PBF)

State of Alaska Department of Revenue acquired a new stake in PBF Energy Inc (NYSE:PBF) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,500 shares of the oil and gas company’s stock, valued at approximately $230,000.

A number of other institutional investors have also made changes to their positions in PBF. State Street Corp grew its position 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 acquiring an additional 1,611,707 shares during the last quarter. Acadian Asset Management LLC grew its position in PBF Energy by 12,300.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock valued at $39,380,000 after acquiring an additional 1,101,874 shares during the last quarter. Northern Trust Corp grew its position 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 acquiring an additional 386,930 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in PBF Energy by 39.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,209,580 shares of the oil and gas company’s stock valued at $33,397,000 after acquiring an additional 341,675 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in PBF Energy by 18.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,081,969 shares of the oil and gas company’s stock valued at $29,873,000 after acquiring an additional 168,435 shares during the last quarter.

Several equities analysts have commented on PBF shares. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Saturday, December 23rd. Morgan Stanley downgraded PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research report on Thursday, January 11th. Royal Bank of Canada reissued a “hold” rating and set a $30.00 price target on shares of PBF Energy in a research report on Tuesday, November 7th. Goldman Sachs Group downgraded PBF Energy from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 28th. Finally, Tudor Pickering raised PBF Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.30.

Shares of PBF Energy Inc (NYSE:PBF) opened at $30.22 on Thursday. PBF Energy Inc has a 12-month low of $18.48 and a 12-month high of $37.01. The firm has a market capitalization of $3,413.32, a PE ratio of 66.00, a P/E/G ratio of 0.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50.

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About PBF Energy

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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