PBF Energy Inc. (NYSE:PBF) Receives $32.00 Consensus PT from Brokerages

Shares of PBF Energy Inc. (NYSE:PBF) have received a consensus rating of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.00.

A number of equities research analysts recently commented on PBF shares. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group dropped their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and reduced their price target for the stock from $27.00 to $20.00 in a report on Friday, December 20th.

PBF Energy Trading Down 1.0 %

PBF stock opened at $27.82 on Friday. The business has a fifty day moving average price of $28.66 and a 200 day moving average price of $31.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -10.74 and a beta of 1.60.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 150,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of $28.70 per share, for a total transaction of $4,305,000.00. Following the purchase, the insider now directly owns 29,505,998 shares of the company’s stock, valued at approximately $846,822,142.60. This represents a 0.51 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 1,968,500 shares of company stock worth $58,476,810 in the last quarter. 5.30% of the stock is owned by insiders.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently added to or reduced their stakes in PBF. Fortitude Family Office LLC increased its holdings in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares during the last quarter. Quarry LP bought a new stake in shares of PBF Energy during the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. purchased a new stake in shares of PBF Energy in the 3rd quarter worth approximately $59,000. Blue Trust Inc. boosted its position in PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,027 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in PBF Energy in the fourth quarter worth $61,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.