Wolfe Research Reiterates Peer Perform Rating for PBF Energy Inc. (NYSE:PBF)
PBF Energy Inc. (NYSE:PBF)‘s stock had its “peer perform” rating reissued by equities researchers at Wolfe Research in a research note issued to investors on Tuesday.
PBF has been the topic of a number of other research reports. Barclays PLC reiterated an “outperform” rating on shares of PBF Energy in a research report on Friday, April 14th. Zacks Investment Research cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group cut PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research report on Tuesday, June 20th. US Capital Advisors reiterated a “hold” rating on shares of PBF Energy in a research report on Monday, May 22nd. Finally, Citigroup Inc. dropped their price target on PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.39.
Shares of PBF Energy (NYSE:PBF) traded up 2.64% on Tuesday, hitting $22.53. The stock had a trading volume of 535,152 shares. The stock has a 50 day moving average price of $21.88 and a 200-day moving average price of $22.30. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 13.48 and a beta of 1.39. PBF Energy has a 12-month low of $18.48 and a 12-month high of $30.98.
PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.26. PBF Energy had a negative return on equity of 4.20% and a net margin of 0.95%. The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the firm earned ($0.65) earnings per share. The business’s revenue was up 69.8% compared to the same quarter last year. On average, equities analysts expect that PBF Energy will post $0.50 earnings per share for the current year.
In other PBF Energy news, insider Connor Thomas L. O bought 10,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were bought at an average price of $20.17 per share, for a total transaction of $201,700.00. Following the transaction, the insider now owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas J. Nimbley bought 50,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average price of $19.69 per share, for a total transaction of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares in the company, valued at approximately $5,710,100. The disclosure for this purchase can be found here. Insiders own 2.55% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in PBF Energy by 14,494.7% in the first quarter. BlackRock Inc. now owns 4,696,870 shares of the oil and gas company’s stock valued at $104,130,000 after buying an additional 4,664,688 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PBF Energy by 49.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,595,206 shares of the oil and gas company’s stock valued at $190,554,000 after buying an additional 2,850,233 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in PBF Energy during the first quarter valued at about $19,439,000. Capital Advisors Inc. OK acquired a new position in PBF Energy during the first quarter valued at about $10,508,000. Finally, State Street Corp boosted its position in PBF Energy by 15.9% in the first quarter. State Street Corp now owns 3,358,240 shares of the oil and gas company’s stock valued at $74,446,000 after buying an additional 460,879 shares during the last quarter.
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.
Receive News & Ratings for PBF Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.