PBF Energy’s (PBF) “Neutral” Rating Reiterated at Macquarie
PBF Energy Inc. (NYSE:PBF)‘s stock had its “neutral” rating reissued by analysts at Macquarie in a report issued on Monday.
Several other analysts also recently weighed in on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 target price on shares of PBF Energy in a research report on Friday, July 14th. Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank set a $24.00 target price on PBF Energy and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.78.
Shares of PBF Energy (NYSE:PBF) traded down 1.42% on Monday, reaching $27.03. 403,503 shares of the company’s stock were exchanged. PBF Energy has a one year low of $18.48 and a one year high of $30.98. The company’s 50 day moving average is $26.39 and its 200-day moving average is $22.90. The stock’s market cap is $2.97 billion.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter last year, the business posted $0.14 earnings per share. On average, analysts anticipate that PBF Energy will post $1.10 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of PBF Energy by 50.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 1,580 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of PBF Energy in the first quarter valued at about $113,000. Creative Planning raised its holdings in shares of PBF Energy by 92.7% in the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 2,503 shares in the last quarter. Flinton Capital Management LLC bought a new stake in shares of PBF Energy in the second quarter valued at about $119,000. Finally, Huntington National Bank bought a new stake in shares of PBF Energy in the second quarter valued at about $126,000.
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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