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

PBF Energy (NYSE:PBF) had its target price lowered by stock analysts at Mizuho from $48.00 to $42.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target would indicate a potential upside of 29.75% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Wolfe Research started coverage on PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Tudor, Pickering, Holt & Co. cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Tudor Pickering upgraded PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Scotiabank decreased their price target on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.10.

PBF Energy Trading Down 0.7 %

PBF stock traded down $0.24 during midday trading on Monday, hitting $32.37. 236,146 shares of the company’s stock were exchanged, compared to its average volume of 2,107,903. PBF Energy has a one year low of $30.61 and a one year high of $62.88. The stock’s fifty day moving average price is $36.51 and its 200-day moving average price is $46.08. The company has a market cap of $3.79 billion, a PE ratio of 2.24 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.

PBF Energy (NYSE:PBF) last released its quarterly 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 analyst estimates of $8.64 billion. During the same quarter last year, the company earned $2.29 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts predict that PBF Energy will post 1.62 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 140,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of $45.73 per share, with a total value of $6,402,200.00. Following the acquisition, the insider now owns 17,772,598 shares of the company’s stock, valued at $812,740,906.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 3,049,500 shares of company stock valued at $109,399,914 over the last three months. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of PBF Energy during the 2nd quarter worth $26,000. Rise Advisors LLC purchased a new position in PBF Energy in the first quarter worth $27,000. Creekmur Asset Management LLC bought a new stake in PBF Energy during the fourth quarter worth about $29,000. Finally, CWM LLC boosted its position in PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares during the period. 96.29% of the stock is currently 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.