Meeder Asset Management Inc. Has $908,000 Position in PBF Energy Inc (PBF)

Meeder Asset Management Inc. lifted its position in PBF Energy Inc (NYSE:PBF) by 1,942.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,648 shares of the oil and gas company’s stock after purchasing an additional 24,392 shares during the quarter. Meeder Asset Management Inc.’s holdings in PBF Energy were worth $908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC purchased a new stake in shares of PBF Energy in the second quarter valued at about $119,000. Bessemer Group Inc. purchased a new stake in shares of PBF Energy in the fourth quarter valued at about $207,000. Ingalls & Snyder LLC purchased a new stake in shares of PBF Energy in the fourth quarter valued at about $209,000. CIBC World Markets Inc. purchased a new stake in shares of PBF Energy in the fourth quarter valued at about $213,000. Finally, Shelton Capital Management purchased a new stake in shares of PBF Energy in the third quarter valued at about $218,000.

PBF Energy Inc (NYSE PBF) opened at $29.00 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market cap of $3,325.29, a PE ratio of 64.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.22. PBF Energy Inc has a 12 month low of $18.48 and a 12 month high of $37.01.

A number of equities research analysts recently issued reports on PBF shares. TheStreet raised shares of PBF Energy from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Cowen reissued a “buy” rating and issued a $30.00 price objective on shares of PBF Energy in a report on Tuesday, October 17th. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Saturday, October 14th. Tudor Pickering raised shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Finally, Scotiabank reissued a “buy” rating on shares of PBF Energy in a report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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.

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

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