Weekly Research Analysts’ Ratings Updates for PBF Energy (PBF)

Several analysts have recently updated their ratings and price targets for PBF Energy (NYSE: PBF):

  • 9/12/2022 – PBF Energy had its price target raised by analysts at Piper Sandler from $43.00 to $45.00. They now have an “overweight” rating on the stock.
  • 9/10/2022 – PBF Energy was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 9/2/2022 – PBF Energy was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 8/25/2022 – PBF Energy was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 8/9/2022 – PBF Energy had its price target raised by analysts at Cowen Inc. to $32.00.
  • 8/1/2022 – PBF Energy was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 8/1/2022 – PBF Energy had its price target raised by analysts at Cowen Inc. from $25.00 to $32.00.
  • 8/1/2022 – PBF Energy had its price target raised by analysts at Cowen Inc from $25.00 to $32.00.
  • 7/29/2022 – PBF Energy was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 7/28/2022 – PBF Energy had its price target raised by analysts at Wolfe Research from $25.00 to $36.00.

PBF Energy Stock Performance

NYSE PBF opened at $31.43 on Wednesday. PBF Energy Inc. has a 1-year low of $9.61 and a 1-year high of $44.12. The company has a market capitalization of $3.83 billion, a P/E ratio of 2.78 and a beta of 2.15. The business has a 50 day moving average price of $31.96 and a 200 day moving average price of $29.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 0.64.

PBF Energy (NYSE:PBFGet Rating) last released its quarterly earnings data on Thursday, July 28th. The oil and gas company reported $10.58 earnings per share for the quarter, beating the consensus estimate of $7.36 by $3.22. PBF Energy had a return on equity of 55.28% and a net margin of 3.64%. The firm had revenue of $14.08 billion during the quarter, compared to the consensus estimate of $10.67 billion. During the same period last year, the business posted ($1.26) EPS. PBF Energy’s quarterly revenue was up 104.1% on a year-over-year basis. Sell-side analysts expect that PBF Energy Inc. will post 19.37 EPS for the current fiscal year.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, SVP Connor Thomas L. O sold 100,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $37.54, for a total transaction of $3,754,000.00. Following the sale, the senior vice president now owns 80,000 shares in the company, valued at approximately $3,003,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its position in PBF Energy by 161.0% in the second quarter. Verition Fund Management LLC now owns 48,394 shares of the oil and gas company’s stock valued at $1,404,000 after purchasing an additional 29,854 shares during the period. Captrust Financial Advisors raised its position in PBF Energy by 9.8% in the second quarter. Captrust Financial Advisors now owns 7,460 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 668 shares during the period. Walleye Capital LLC raised its position in PBF Energy by 42.0% in the second quarter. Walleye Capital LLC now owns 86,582 shares of the oil and gas company’s stock valued at $2,513,000 after purchasing an additional 25,598 shares during the period. Goldman Sachs Group Inc. raised its position in PBF Energy by 237.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,165,317 shares of the oil and gas company’s stock valued at $33,817,000 after purchasing an additional 819,543 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in PBF Energy in the second quarter valued at about $135,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

PBF Energy Inc, together with 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.

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