Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in PBF Energy Inc. $PBF

Mitsubishi UFJ Trust & Banking Corp increased its stake in PBF Energy Inc. (NYSE:PBF) by 264.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 96,856 shares of the oil and gas company’s stock after buying an additional 70,312 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of PBF Energy worth $2,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock worth $590,000 after acquiring an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PBF Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 2,609 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock worth $4,996,000 after purchasing an additional 12,289 shares in the last quarter. Acadian Asset Management LLC lifted its position in PBF Energy by 261.0% during the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,354 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in PBF Energy in the 2nd quarter worth approximately $815,000. 96.29% of the stock is owned by institutional investors.

PBF Energy Stock Up 0.7%

Shares of PBF Energy stock opened at $33.49 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week high of $41.47. The company’s 50 day moving average price is $30.66 and its 200-day moving average price is $29.65. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -7.20, a P/E/G ratio of 5.88 and a beta of 0.47.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.50) EPS. Equities research analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.

Insider Activity at PBF Energy

In other news, Director Thomas J. Nimbley sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $34.51, for a total transaction of $8,627,500.00. Following the transaction, the director directly owned 790,716 shares of the company’s stock, valued at approximately $27,287,609.16. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Control Empresarial De Capital sold 260,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $33.17, for a total value of $8,624,200.00. Following the transaction, the insider owned 30,407,498 shares of the company’s stock, valued at approximately $1,008,616,708.66. This represents a 0.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 894,624 shares of company stock worth $30,997,335 over the last 90 days. 5.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PBF shares. TD Cowen reaffirmed a “sell” rating on shares of PBF Energy in a report on Friday, October 31st. Zacks Research downgraded PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Wolfe Research cut shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research report on Monday, December 8th. Wall Street Zen raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Mizuho upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $38.00 in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $30.14.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.