Shares of PBF Energy Inc (NYSE:PBF) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $38.38.
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of PBF Energy from $28.00 to $23.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. TheStreet downgraded shares of PBF Energy from a “b-” rating to a “c” rating in a research note on Thursday, August 1st. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price target on the stock in a research note on Monday, August 5th. Wells Fargo & Co increased their price target on shares of PBF Energy from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
NYSE PBF traded up $0.11 during mid-day trading on Monday, reaching $27.18. 1,205,752 shares of the stock were exchanged, compared to its average volume of 2,196,406. PBF Energy has a 1-year low of $21.09 and a 1-year high of $51.47. The business’s fifty day simple moving average is $24.92 and its 200 day simple moving average is $27.78. The stock has a market capitalization of $3.18 billion, a PE ratio of 14.67, a PEG ratio of 4.19 and a beta of 1.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.54 and a current ratio of 1.50.
PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, August 1st. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). PBF Energy had a return on equity of 6.34% and a net margin of 0.09%. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same quarter last year, the business posted $1.38 EPS. The firm’s revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that PBF Energy will post 0.92 EPS for the current year.
In other news, insider Carso S.A. De C.V. Inversora purchased 538,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $23.16 per share, with a total value of $12,467,028.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 2,882,241 shares of company stock worth $67,803,160 in the last ninety days. 3.50% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in PBF. Nuveen Asset Management LLC acquired a new position in PBF Energy during the 2nd quarter worth $32,081,000. PointState Capital LP acquired a new position in PBF Energy during the 2nd quarter worth $20,890,000. Towle & Co. grew its holdings in PBF Energy by 132.0% during the 2nd quarter. Towle & Co. now owns 1,150,514 shares of the oil and gas company’s stock worth $36,011,000 after acquiring an additional 654,670 shares in the last quarter. Van ECK Associates Corp grew its holdings in PBF Energy by 97.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,217,755 shares of the oil and gas company’s stock worth $38,116,000 after acquiring an additional 599,870 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in PBF Energy by 29.9% during the 2nd quarter. Invesco Ltd. now owns 2,297,906 shares of the oil and gas company’s stock worth $71,924,000 after acquiring an additional 528,380 shares in the last quarter. 83.66% of the stock is owned by institutional investors.
PBF Energy Company Profile
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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