Morgan Stanley cut shares of PBF Energy (NYSE:PBF) from an equal weight rating to an underweight rating in a research note published on Thursday, January 11th, Marketbeat reports. The brokerage currently has $37.00 target price on the oil and gas company’s stock.
A number of other equities analysts have also commented on the company. Scotiabank reaffirmed a buy rating and issued a $41.00 price target on shares of PBF Energy in a report on Wednesday, January 10th. Zacks Investment Research lowered PBF Energy from a buy rating to a hold rating in a research note on Thursday, January 4th. Royal Bank of Canada reissued a hold rating and set a $28.00 price objective on shares of PBF Energy in a research note on Wednesday, October 18th. Tudor Pickering raised PBF Energy from a hold rating to a buy rating in a research note on Monday, November 6th. Finally, TheStreet raised PBF Energy from a c rating to a b rating in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $31.00.
Shares of PBF Energy (NYSE PBF) opened at $34.73 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $3,799.54, a P/E ratio of 16.62, a P/E/G ratio of 1.11 and a beta of 1.45. PBF Energy has a 52-week low of $18.48 and a 52-week high of $37.01.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted ($0.16) earnings per share. PBF Energy’s revenue was up 21.4% on a year-over-year basis. research analysts anticipate that PBF Energy will post 1.4 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of PBF Energy by 48.0% in the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in PBF Energy in the 3rd quarter valued at approximately $838,000. Mutual of America Capital Management LLC lifted its position in PBF Energy by 21.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 542,154 shares of the oil and gas company’s stock valued at $12,068,000 after acquiring an additional 94,034 shares in the last quarter. Northern Trust Corp lifted its position in PBF Energy by 63.2% in the 2nd quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock valued at $22,237,000 after acquiring an additional 386,930 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in PBF Energy by 339.3% in the 2nd quarter. Nationwide Fund Advisors now owns 210,194 shares of the oil and gas company’s stock valued at $4,679,000 after acquiring an additional 162,344 shares in the last quarter.
PBF Energy Company Profile
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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