Shares of PBF Energy Inc (NYSE:PBF) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.38.
Several research firms recently weighed in on PBF. Zacks Investment Research lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Scotiabank reaffirmed a “buy” rating and issued a $41.00 price target on shares of PBF Energy in a research note on Wednesday, January 10th. Morgan Stanley lowered shares of PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research note on Thursday, January 11th. Citigroup lifted their price target on shares of PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 28th.
Several hedge funds and other institutional investors have recently bought and sold shares of PBF. State Street Corp raised its holdings in shares of PBF Energy by 48.0% in the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $55,967,000. Acadian Asset Management LLC raised its holdings in shares of PBF Energy by 12,300.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock valued at $39,380,000 after purchasing an additional 1,101,874 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $21,897,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of PBF Energy by 187.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 874,725 shares of the oil and gas company’s stock valued at $31,009,000 after purchasing an additional 570,856 shares during the last quarter.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the business earned ($0.71) EPS. The firm’s revenue was up 37.6% compared to the same quarter last year. analysts forecast that PBF Energy will post 1.41 earnings per share for the current fiscal year.
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About PBF Energy
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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