PBF Energy (NYSE:PBF) was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report issued on Tuesday, The Fly reports.

A number of other brokerages have also recently weighed in on PBF. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Cowen reissued a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a report on Thursday, August 17th. Tudor Pickering raised PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine raised PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.00.

Shares of PBF Energy (NYSE PBF) opened at $32.94 on Tuesday. PBF Energy has a 1-year low of $18.48 and a 1-year high of $33.75. The firm has a market capitalization of $3,620.00, a PE ratio of 71.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the firm posted ($0.16) EPS. The company’s revenue was up 21.4% compared to the same quarter last year. equities research analysts forecast that PBF Energy will post 1.69 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of PBF Energy by 94.0% during the 2nd quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock valued at $202,832,000 after purchasing an additional 4,415,117 shares during the last quarter. State Street Corp raised its stake in PBF Energy by 48.0% in the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after acquiring an additional 1,611,707 shares during the last quarter. JPMorgan Chase & Co. raised its stake in PBF Energy by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after acquiring an additional 953,577 shares during the last quarter. Bank of New York Mellon Corp raised its stake in PBF Energy by 65.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock worth $43,795,000 after acquiring an additional 779,766 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in PBF Energy by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock worth $205,480,000 after acquiring an additional 635,728 shares during the last quarter.

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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.

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