PBF Energy (NYSE:PBF) PT Lowered to $50.00

PBF Energy (NYSE:PBF) had its target price dropped by stock analysts at The Goldman Sachs Group from $57.00 to $50.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 8.08% from the company’s current price.

PBF has been the subject of several other reports. Piper Sandler dropped their price target on PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Wells Fargo & Company dropped their price target on PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Mizuho dropped their price target on PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Scotiabank boosted their price objective on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, TD Cowen lowered their price objective on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.91.

PBF Energy Stock Down 0.5 %

PBF Energy stock opened at $46.26 on Monday. The stock has a market capitalization of $5.48 billion, a PE ratio of 3.20 and a beta of 1.60. PBF Energy has a 12 month low of $39.18 and a 12 month high of $62.88. The business has a 50 day simple moving average of $48.22 and a 200-day simple moving average of $49.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. The business had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. On average, analysts anticipate that PBF Energy will post 5.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 51,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $46.19 per share, with a total value of $2,355,690.00. Following the purchase, the insider now owns 14,875,198 shares in the company, valued at $687,085,395.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 2,091,100 shares of company stock valued at $93,004,617. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On PBF Energy

Large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of PBF Energy in the 4th quarter valued at about $54,832,000. Janus Henderson Group PLC grew its stake in PBF Energy by 957.8% during the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock worth $34,811,000 after buying an additional 547,509 shares during the last quarter. SG Americas Securities LLC increased its position in PBF Energy by 14,785.7% during the first quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock worth $31,262,000 after buying an additional 539,381 shares during the period. Natixis purchased a new stake in PBF Energy in the first quarter valued at approximately $16,269,000. Finally, LSV Asset Management lifted its stake in PBF Energy by 20.4% in the fourth quarter. LSV Asset Management now owns 1,274,904 shares of the oil and gas company’s stock valued at $56,045,000 after buying an additional 216,400 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.