Wells Fargo & Company Lowers PBF Energy (NYSE:PBF) Price Target to $25.00

PBF Energy (NYSE:PBF) had its target price lowered by analysts at Wells Fargo & Company from $34.00 to $25.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.60% from the stock’s previous close.

PBF has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and decreased their price objective for the company from $27.00 to $20.00 in a report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.18.

PBF Energy Trading Up 0.1 %

Shares of PBF stock opened at $23.24 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of -8.97 and a beta of 1.60. The stock has a 50 day simple moving average of $28.14 and a two-hundred day simple moving average of $31.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. PBF Energy has a fifty-two week low of $22.03 and a fifty-two week high of $62.88.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. Research analysts forecast that PBF Energy will post -3.75 earnings per share for the current year.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital acquired 57,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the transaction, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have acquired 1,968,500 shares of company stock valued at $58,476,810. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC boosted its position in PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares during the last quarter. Quarry LP purchased a new position in shares of PBF Energy during the 3rd quarter valued at $48,000. Harbor Capital Advisors Inc. purchased a new position in shares of PBF Energy during the 3rd quarter valued at $59,000. Blue Trust Inc. lifted its position in shares of PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in 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 from crude oil.