Citigroup lowered shares of PBF Energy (NYSE:PBF) from a buy rating to a neutral rating in a report released on Wednesday, MarketBeat reports. Citigroup currently has $37.00 price target on the oil and gas company’s stock. The analysts noted that the move was a valuation call.
Several other research analysts have also commented on the stock. Scotiabank reaffirmed a buy rating and issued a $40.00 price target on shares of PBF Energy in a report on Thursday, December 21st. Zacks Investment Research raised shares of PBF Energy from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Saturday, December 23rd. Morgan Stanley lowered shares of PBF Energy from an equal weight rating to an underweight rating and set a $37.00 price target for the company. in a report on Thursday, January 11th. Cowen lowered shares of PBF Energy from an outperform rating to a market perform rating and lifted their price target for the company from $30.00 to $31.00 in a report on Friday, February 16th. Finally, Barclays reaffirmed a buy rating and issued a $44.00 price target on shares of PBF Energy in a report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $37.10.
Shares of PBF stock opened at $38.19 on Wednesday. The firm has a market cap of $4,245.38, a price-to-earnings ratio of 33.50, a P/E/G ratio of 1.11 and a beta of 1.17. The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.75. PBF Energy has a 1-year low of $18.48 and a 1-year high of $38.52.
PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.25). The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $5.23 billion. PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. PBF Energy’s revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.71) earnings per share. equities analysts forecast that PBF Energy will post 3.46 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in PBF Energy by 3.0% in the 4th quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock valued at $329,471,000 after purchasing an additional 268,354 shares during the last quarter. Millennium Management LLC bought a new stake in PBF Energy in the 4th quarter valued at about $55,967,000. Goldman Sachs Group Inc. lifted its position in PBF Energy by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,176,329 shares of the oil and gas company’s stock valued at $41,701,000 after purchasing an additional 10,698 shares during the last quarter. Acadian Asset Management LLC lifted its position in PBF Energy by 12,300.4% in the 4th 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. Finally, Geode Capital Management LLC lifted its position in PBF Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 922,780 shares of the oil and gas company’s stock valued at $32,711,000 after purchasing an additional 14,283 shares during the last quarter.
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About PBF Energy
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.
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