PBF Energy (NYSE:PBF) PT Lowered to $42.00 at Mizuho

PBF Energy (NYSE:PBF) had its price objective cut by stock analysts at Mizuho from $48.00 to $42.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would suggest a potential upside of 27.00% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Scotiabank reduced their target price on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Piper Sandler reduced their target price on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Finally, Wolfe Research began coverage on shares of PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.91.

PBF Energy Stock Up 1.7 %

PBF stock opened at $33.07 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. PBF Energy has a 52-week low of $30.61 and a 52-week high of $62.88. The company has a 50-day moving average of $36.14 and a two-hundred day moving average of $45.87. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 2.29 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that PBF Energy will post 1.25 EPS for the current year.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 805,300 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $32.62 per share, with a total value of $26,268,886.00. Following the completion of the acquisition, the insider now owns 20,634,898 shares in the company, valued at approximately $673,110,372.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders bought 3,049,500 shares of company stock valued at $109,399,914. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of PBF Energy

Several hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise grew its stake in shares of PBF Energy by 10.4% during the first quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares during the last quarter. Center For Asset Management LLC grew its stake in shares of PBF Energy by 3.9% during the first quarter. Center For Asset Management LLC now owns 6,127 shares of the oil and gas company’s stock valued at $353,000 after purchasing an additional 228 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of PBF Energy by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,598 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 295 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of PBF Energy by 0.3% during the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock valued at $7,863,000 after purchasing an additional 359 shares during the last quarter. 96.29% of the stock is owned by institutional investors.

About PBF Energy

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.