PBF Energy (NYSE:PBF)’s share price hit a new 52-week high and low on Tuesday . The stock traded as low as $38.95 and last traded at $37.61, with a volume of 828743 shares changing hands. The stock had previously closed at $37.92.
Several brokerages have recently weighed in on PBF. Cowen cut PBF Energy from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $30.00 to $31.00 in a report on Friday, February 16th. Credit Suisse Group began coverage on PBF Energy in a report on Monday, April 9th. They issued a “neutral” rating and a $37.00 price objective for the company. Scotia Howard Weill restated a “sector perform” rating on shares of PBF Energy in a report on Wednesday, April 11th. Citigroup raised their price objective on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase raised their price objective on PBF Energy from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, April 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $37.10.
The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4,226.56, a P/E ratio of 33.26, a PEG ratio of 1.10 and a beta of 1.16.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business posted ($0.71) EPS. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. equities analysts expect that PBF Energy will post 3.47 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of PBF. Schwab Charles Investment Management Inc. grew its holdings in PBF Energy by 8.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 476,992 shares of the oil and gas company’s stock worth $13,170,000 after purchasing an additional 37,660 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in PBF Energy during the third quarter worth about $838,000. California Public Employees Retirement System lifted its position in PBF Energy by 13.0% during the third quarter. California Public Employees Retirement System now owns 247,948 shares of the oil and gas company’s stock worth $6,846,000 after acquiring an additional 28,548 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in PBF Energy during the third quarter worth approximately $538,000. Finally, Nisa Investment Advisors LLC lifted its position in PBF Energy by 13.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 35,390 shares of the oil and gas company’s stock worth $1,255,000 after acquiring an additional 4,100 shares during the last quarter.
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PBF Energy Company Profile
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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