PBF Energy Inc. (NYSE:PBF) Receives Consensus Rating of “Hold” from Brokerages
Shares of PBF Energy Inc. (NYSE:PBF) have received an average rating of “Hold” from the seventeen brokerages that are currently covering the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.00.
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of PBF Energy in a research note on Sunday, June 12th. Piper Jaffray Cos. increased their price target on shares of PBF Energy from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, September 16th. Credit Suisse Group AG reissued a “buy” rating and issued a $32.00 price target on shares of PBF Energy in a research note on Thursday, June 16th. Wells Fargo & Co. reissued an “outperform” rating on shares of PBF Energy in a research note on Monday, July 11th. Finally, Goldman Sachs Group Inc. downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $26.00 in a research note on Wednesday, June 29th.
In related news, CEO Thomas J. Nimbley bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of $21.84 per share, for a total transaction of $1,092,000.00. Following the completion of the acquisition, the chief executive officer now owns 160,000 shares of the company’s stock, valued at approximately $3,494,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Connor Thomas L. O bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was bought at an average price of $21.73 per share, for a total transaction of $217,300.00. Following the acquisition, the insider now directly owns 50,000 shares of the company’s stock, valued at approximately $1,086,500. The disclosure for this purchase can be found here. 5.70% of the stock is currently owned by corporate insiders.
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A number of large investors have recently modified their holdings of the company. US Bancorp DE boosted its stake 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 in the last quarter. Huntington National Bank bought a new stake in shares of PBF Energy during the second quarter valued at about $109,000. Acrospire Investment Management LLC bought a new stake in shares of PBF Energy during the first quarter valued at about $130,000. Pacer Advisors Inc. bought a new stake in shares of PBF Energy during the second quarter valued at about $175,000. Finally, M&T Bank Corp bought a new stake in shares of PBF Energy during the first quarter valued at about $201,000. Institutional investors own 99.55% of the company’s stock.
PBF Energy (NYSE:PBF) traded down 0.78% during trading on Monday, hitting $21.54. 825,140 shares of the company’s stock traded hands. The stock’s market cap is $2.11 billion. The company’s 50 day moving average is $22.38 and its 200-day moving average is $25.85. PBF Energy has a 12 month low of $20.57 and a 12 month high of $41.75.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.87 by $0.73. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.06 billion. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 9.19%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. On average, analysts predict that PBF Energy will post ($0.29) earnings per share for the current year.
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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