PBF Energy Inc. (NYSE:PBF) has been given an average recommendation of “Hold” by the seventeen analysts that are presently covering the firm. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.09.
Several brokerages have recently commented on PBF. Credit Suisse Group AG restated an “outperform” rating on shares of PBF Energy in a research report on Sunday, September 4th. Tudor Pickering downgraded PBF Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Barclays PLC restated an “equal weight” rating and issued a $26.00 price objective on shares of PBF Energy in a research report on Monday, August 1st. Goldman Sachs Group Inc. downgraded PBF Energy from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $23.00 to $19.00 in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $21.00 in a research report on Monday, July 11th.
In other PBF Energy news, insider Connor Thomas L. O bought 10,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $21.73 per share, for a total transaction of $217,300.00. Following the completion of the transaction, the insider now directly owns 50,000 shares of the company’s stock, valued at $1,086,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas J. Nimbley bought 50,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were acquired at an average price of $21.84 per share, with a total value of $1,092,000.00. Following the transaction, the chief executive officer now directly owns 160,000 shares of the company’s stock, valued at $3,494,400. The disclosure for this purchase can be found here. Company insiders own 5.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of PBF Energy by 1.2% in the second quarter. US Bancorp DE now owns 4,437 shares of the company’s stock valued at $106,000 after buying an additional 53 shares during the period. Huntington National Bank acquired a new position in shares of PBF Energy during the second quarter valued at about $109,000. Acrospire Investment Management LLC acquired a new position in shares of PBF Energy during the first quarter valued at about $130,000. Pacer Advisors Inc. acquired a new position in shares of PBF Energy during the second quarter valued at about $175,000. Finally, M&T Bank Corp acquired a new position in shares of PBF Energy during the first quarter valued at about $201,000. Institutional investors and hedge funds own 99.55% of the company’s stock.
PBF Energy (NYSE:PBF) opened at 20.03 on Monday. The company’s market capitalization is $1.96 billion. The stock’s 50 day moving average price is $22.20 and its 200 day moving average price is $25.60. PBF Energy has a 12 month low of $19.61 and a 12 month high of $41.75.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.73. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 9.19%. The business earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. PBF Energy’s revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that PBF Energy will post ($0.29) earnings per share for the current fiscal year.
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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