PBF Energy Inc. (NYSE:PBF) Receives Average Rating of “Hold” from Analysts

PBF Energy Inc. (NYSE:PBF) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.09.

Several equities research analysts recently weighed in on PBF shares. The Goldman Sachs Group upped their price objective on shares of PBF Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, October 14th. Royal Bank of Canada upped their price objective on shares of PBF Energy from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 1st. Morgan Stanley upped their price objective on shares of PBF Energy from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of PBF Energy from $8.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 29th. Finally, Barclays upped their price target on shares of PBF Energy from $9.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 8th.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of PBF Energy by 4.2% in the 2nd quarter. BlackRock Inc. now owns 17,683,077 shares of the oil and gas company’s stock valued at $270,550,000 after purchasing an additional 708,810 shares during the period. Vanguard Group Inc. increased its holdings in PBF Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 10,973,775 shares of the oil and gas company’s stock worth $167,899,000 after buying an additional 137,027 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in PBF Energy by 28.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,614,116 shares of the oil and gas company’s stock worth $85,892,000 after buying an additional 1,249,800 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in PBF Energy by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 3,998,804 shares of the oil and gas company’s stock worth $61,181,000 after buying an additional 434,152 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in PBF Energy by 2.5% in the second quarter. Geode Capital Management LLC now owns 2,116,751 shares of the oil and gas company’s stock worth $32,386,000 after buying an additional 51,385 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Shares of PBF Energy stock traded up $0.83 during trading on Friday, hitting $17.93. 124,744 shares of the stock were exchanged, compared to its average volume of 2,789,481. The stock’s fifty day moving average is $13.67 and its 200 day moving average is $12.41. The stock has a market cap of $2.16 billion, a PE ratio of -9.32 and a beta of 2.75. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.63 and a current ratio of 1.31. PBF Energy has a 12 month low of $7.24 and a 12 month high of $18.78.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 28th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.37. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.44 billion. PBF Energy had a negative net margin of 1.03% and a negative return on equity of 44.77%. The company’s quarterly revenue was up 96.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.87) earnings per share. Sell-side analysts anticipate that PBF Energy will post -3.66 EPS for the current fiscal year.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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