PBF Energy (NYSE:PBF) PT Lowered to $36.00 at Mizuho

PBF Energy (NYSE:PBF) had its target price lowered by analysts at Mizuho from $42.00 to $36.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 8.43% from the company’s previous close.

Several other research analysts also recently commented on the stock. Wolfe Research started coverage on shares of PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. The Goldman Sachs Group lowered their price objective on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Morgan Stanley lowered their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.55.

PBF Energy Trading Up 2.5 %

Shares of PBF stock opened at $33.20 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.89 billion, a P/E ratio of 5.52 and a beta of 1.55. The stock has a 50 day simple moving average of $33.68 and a 200 day simple moving average of $43.58. PBF Energy has a 1 year low of $30.17 and a 1 year high of $62.88.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The company had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. On average, research analysts predict that PBF Energy will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital purchased 50,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $35.60 per share, with a total value of $1,780,000.00. Following the completion of the transaction, the insider now owns 18,179,598 shares of the company’s stock, valued at $647,193,688.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 2,952,300 shares of company stock valued at $97,300,026. 5.30% of the stock is currently owned by insiders.

Institutional Trading of PBF Energy

A number of institutional investors have recently bought and sold shares of PBF. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of PBF Energy by 94.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 313,091 shares of the oil and gas company’s stock worth $14,408,000 after purchasing an additional 152,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PBF Energy during the 2nd quarter worth about $275,000. Sanctuary Advisors LLC bought a new position in shares of PBF Energy during the 2nd quarter worth about $1,176,000. Invst LLC boosted its position in shares of PBF Energy by 6.2% during the 2nd quarter. Invst LLC now owns 16,554 shares of the oil and gas company’s stock worth $770,000 after purchasing an additional 965 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of PBF Energy by 11.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 13,540 shares of the oil and gas company’s stock worth $623,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

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.