PBF Energy (NYSE:PBF) Given New $50.00 Price Target at BMO Capital Markets

PBF Energy (NYSE:PBF) had its price target raised by investment analysts at BMO Capital Markets from $43.00 to $50.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 10.70% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group boosted their price target on PBF Energy from $33.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Wolfe Research lowered shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Monday, December 8th. Citigroup raised their price target on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Zacks Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, PBF Energy currently has an average rating of “Reduce” and a consensus target price of $32.92.

PBF Energy Trading Down 2.0%

PBF traded down $0.92 during trading on Thursday, reaching $45.17. 946,288 shares of the company’s stock were exchanged, compared to its average volume of 3,824,776. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. PBF Energy has a one year low of $13.61 and a one year high of $52.18. The firm has a fifty day moving average price of $39.28 and a two-hundred day moving average price of $34.29. The stock has a market capitalization of $5.28 billion, a PE ratio of -30.73, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the firm earned ($2.82) earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that PBF Energy will post -1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 1,100,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total value of $50,831,000.00. Following the transaction, the insider directly owned 22,996,898 shares of the company’s stock, valued at approximately $1,062,686,656.58. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 11,316,825 shares of company stock worth $492,838,557 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC increased its holdings in PBF Energy by 3.0% during the 3rd quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 276 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of PBF Energy by 2.5% in the third quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock valued at $478,000 after purchasing an additional 348 shares in the last quarter. Arizona State Retirement System boosted its position in shares of PBF Energy by 1.4% during the third quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock valued at $774,000 after buying an additional 353 shares during the last quarter. Next Level Private LLC boosted its position in shares of PBF Energy by 0.6% during the fourth quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after buying an additional 378 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in PBF Energy by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock valued at $863,000 after buying an additional 432 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Key PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Zacks highlights PBF as a long?term value stock, arguing company fundamentals and valuation make it attractive for patient investors. Zacks article
• Positive Sentiment: The Motley Fool lists refiners and related energy names (including refiners like PBF) as potential beneficiaries of geopolitical supply disruptions, a theme that can support refining margins and drive investor interest in PBF. Fool article
• Neutral Sentiment: Intraday trade count and volume are lighter than PBF’s average daily volume, implying today’s price move may be driven by headlines rather than broad institutional flows.
• Negative Sentiment: Significant insider selling over Mar. 26–31: Control Empresarial De Capital sold several large blocks (637,000; 600,000; 200,000; 85,000 shares across Mar. 26–31), and multiple executives (SVPs Paul T. Davis and James E. Fedena, and director Thomas J. Nimbley) also sold sizable positions. The collective sales total millions of shares worth tens of millions of dollars and represent measurable reductions in insider ownership — a potential near?term headwind as it increases supply and can signal profit?taking by insiders. Filings: Control Empresarial form4 Control Empresarial form4 Control Empresarial form4 2 Paul T. Davis filing James Fedena filing Thomas Nimbley filing

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.