PBF Energy (NYSE:PBF) Rating Increased to Strong-Buy at StockNews.com

PBF Energy (NYSE:PBFGet Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group lifted their price target on shares of PBF Energy to $37.00 in a research note on Thursday, June 9th. Wolfe Research upgraded shares of PBF Energy from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $36.00 to $49.00 in a research note on Wednesday. Barclays lifted their price target on shares of PBF Energy from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 5th. Wells Fargo & Company upgraded shares of PBF Energy from an “equal weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Tuesday, June 14th. Finally, Cowen lifted their price target on shares of PBF Energy from $25.00 to $32.00 in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.08.

PBF Energy Trading Down 1.5 %

Shares of PBF stock opened at $28.33 on Friday. PBF Energy has a 12-month low of $9.61 and a 12-month high of $44.12. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $32.02 and its 200 day moving average is $30.03. The stock has a market capitalization of $3.45 billion, a P/E ratio of 2.50 and a beta of 2.15.

PBF Energy (NYSE:PBFGet Rating) last issued its earnings results on Thursday, July 28th. The oil and gas company reported $10.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.36 by $3.22. PBF Energy had a net margin of 3.64% and a return on equity of 55.28%. The company had revenue of $14.08 billion for the quarter, compared to analysts’ expectations of $10.67 billion. During the same quarter last year, the company posted ($1.26) earnings per share. The firm’s quarterly revenue was up 104.1% on a year-over-year basis. Research analysts expect that PBF Energy will post 19.96 earnings per share for the current year.

Insider Buying and Selling at PBF Energy

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

Institutional Trading of PBF Energy

A number of large investors have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of PBF Energy during the 1st quarter worth about $48,000. Meeder Asset Management Inc. boosted its stake in shares of PBF Energy by 354.0% during the 1st quarter. Meeder Asset Management Inc. now owns 2,792 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,177 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of PBF Energy during the 1st quarter worth about $76,000. Quadrant Capital Group LLC boosted its stake in shares of PBF Energy by 17.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,900 shares of the oil and gas company’s stock worth $84,000 after purchasing an additional 433 shares during the period. Finally, Ellevest Inc. boosted its stake in shares of PBF Energy by 724.0% during the 2nd quarter. Ellevest Inc. now owns 3,436 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 3,019 shares during the period. 87.50% of the stock is currently owned by institutional investors.

About PBF Energy

(Get Rating)

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.

Further Reading

Analyst Recommendations for PBF Energy (NYSE:PBF)

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