Shares of PBF Energy Inc. (NYSE:PBF) have received an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $24.44.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, October 5th. Barclays PLC set a $26.00 price target on shares of PBF Energy and gave the stock a “sell” rating in a research note on Tuesday. ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

Shares of PBF Energy (NYSE:PBF) traded up 0.82% during trading on Wednesday, reaching $27.04. 1,117,617 shares of the company’s stock were exchanged. The stock’s market capitalization is $2.97 billion. The stock has a 50 day moving average price of $25.03 and a 200-day moving average price of $22.51. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the business earned $0.14 earnings per share. Analysts predict that PBF Energy will post $0.90 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its holdings in PBF Energy by 13.3% in the first quarter. Great West Life Assurance Co. Can now owns 28,156 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 3,295 shares during the period. US Bancorp DE raised its holdings in PBF Energy by 35.6% in the first quarter. US Bancorp DE now owns 8,928 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 2,346 shares during the period. UBS Asset Management Americas Inc. raised its holdings in PBF Energy by 36.3% in the first quarter. UBS Asset Management Americas Inc. now owns 116,373 shares of the oil and gas company’s stock valued at $2,580,000 after buying an additional 30,997 shares during the period. Karp Capital Management Corp purchased a new position in PBF Energy in the first quarter valued at approximately $391,000. Finally, Stifel Financial Corp raised its holdings in PBF Energy by 9.0% in the first quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock valued at $221,000 after buying an additional 818 shares during the period.

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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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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