ValuEngine lowered shares of PBF Energy (NYSE:PBF) from a strong-buy rating to a buy rating in a research note published on Monday.
A number of other equities research analysts also recently weighed in on PBF. JPMorgan Chase & Co. boosted their price target on PBF Energy from $34.00 to $35.00 and gave the company an underweight rating in a report on Monday, April 9th. Credit Suisse Group started coverage on PBF Energy in a report on Monday, April 9th. They issued a neutral rating and a $37.00 price target for the company. Howard Weil downgraded PBF Energy from a sector outperform rating to a sector perform rating in a report on Wednesday, April 11th. Scotia Howard Weill reiterated a sector perform rating on shares of PBF Energy in a report on Wednesday, April 11th. Finally, Scotiabank reiterated a sector perform rating on shares of PBF Energy in a report on Thursday, April 12th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $38.00.
PBF stock opened at $41.87 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74. PBF Energy has a 52-week low of $19.46 and a 52-week high of $50.99. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, May 3rd. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.10). PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the firm posted ($0.20) earnings per share. PBF Energy’s revenue was up 22.0% compared to the same quarter last year. equities analysts forecast that PBF Energy will post 3.6 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in PBF. Millennium Management LLC acquired a new position in PBF Energy during the 4th quarter valued at approximately $55,967,000. LSV Asset Management boosted its position in PBF Energy by 32.4% during the 1st quarter. LSV Asset Management now owns 4,077,399 shares of the oil and gas company’s stock valued at $138,223,000 after purchasing an additional 997,388 shares during the period. JPMorgan Chase & Co. boosted its position in PBF Energy by 9.6% during the 1st quarter. JPMorgan Chase & Co. now owns 8,515,620 shares of the oil and gas company’s stock valued at $288,681,000 after purchasing an additional 745,284 shares during the period. Prudential Financial Inc. boosted its position in PBF Energy by 1,049.9% during the 1st quarter. Prudential Financial Inc. now owns 797,182 shares of the oil and gas company’s stock valued at $27,025,000 after purchasing an additional 727,857 shares during the period. Finally, Van ECK Associates Corp boosted its position in PBF Energy by 20,662.9% during the 1st quarter. Van ECK Associates Corp now owns 719,850 shares of the oil and gas company’s stock valued at $24,403,000 after purchasing an additional 716,383 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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