PBF Energy (NYSE:PBF)‘s stock had its “buy” rating reaffirmed by investment analysts at Scotiabank in a research report issued on Thursday, December 21st. They presently have a $40.00 price objective on the oil and gas company’s stock. Scotiabank’s price objective points to a potential upside of 13.90% from the company’s previous close.
Several other research analysts also recently commented on PBF. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, October 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $28.00 price target on shares of PBF Energy in a research note on Wednesday, October 18th. Tudor Pickering raised shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. TheStreet raised shares of PBF Energy from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Finally, Macquarie reaffirmed a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.00.
Shares of PBF Energy (NYSE PBF) opened at $35.12 on Thursday. PBF Energy has a 12 month low of $18.48 and a 12 month high of $37.01. The firm has a market cap of $3,841.36, a price-to-earnings ratio of 16.80, a PEG ratio of 1.17 and a beta of 1.45. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) EPS. sell-side analysts expect that PBF Energy will post 1.57 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PBF. BlackRock Inc. increased its position in PBF Energy by 94.0% during the 2nd quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock valued at $202,832,000 after purchasing an additional 4,415,117 shares during the period. State Street Corp boosted its holdings 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 valued at $110,639,000 after buying an additional 1,611,707 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of PBF Energy by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock valued at $264,551,000 after buying an additional 953,577 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PBF Energy by 65.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock valued at $43,795,000 after buying an additional 779,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PBF Energy by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock valued at $205,480,000 after buying an additional 635,728 shares in the last quarter.
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About PBF Energy
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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