Convergence Investment Partners LLC Increases Holdings in PBF Energy Inc (PBF)

Convergence Investment Partners LLC increased its holdings in PBF Energy Inc (NYSE:PBF) by 166.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,791 shares of the oil and gas company’s stock after acquiring an additional 34,875 shares during the quarter. Convergence Investment Partners LLC owned about 0.05% of PBF Energy worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in PBF Energy by 48.0% in the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of PBF Energy during the third quarter valued at $838,000. Northern Trust Corp increased its holdings in shares of PBF Energy by 63.2% during the second 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 in the last quarter. Nationwide Fund Advisors increased its holdings in shares of PBF Energy by 339.3% during the second quarter. Nationwide Fund Advisors now owns 210,194 shares of the oil and gas company’s stock valued at $4,679,000 after acquiring an additional 162,344 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its holdings in shares of PBF Energy by 119.0% during the second quarter. Balyasny Asset Management LLC now owns 88,814 shares of the oil and gas company’s stock valued at $1,977,000 after acquiring an additional 48,251 shares in the last quarter.

PBF Energy Inc (NYSE PBF) traded up $0.21 during trading on Friday, hitting $29.21. The company had a trading volume of 2,150,506 shares, compared to its average volume of 2,161,429. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. PBF Energy Inc has a 12 month low of $18.48 and a 12 month high of $37.01. The stock has a market capitalization of $3,210.00, a PE ratio of 14.61, a PEG ratio of 0.87 and a beta of 1.21.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Scotiabank restated a “buy” rating and set a $41.00 price target on shares of PBF Energy in a report on Wednesday, January 10th. Morgan Stanley downgraded PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a report on Thursday, January 11th. Citigroup raised their price target on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Goldman Sachs Group downgraded PBF Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, November 28th. Five 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 issued a strong buy rating to the company’s stock. PBF Energy presently has an average rating of “Hold” and an average target price of $32.30.

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PBF Energy Company 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.

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

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