PBF Energy Inc. (NYSE:PBF) traded down 4% during mid-day trading on Wednesday . The company traded as low as $22.15 and last traded at $22.42, with a volume of 1,304,406 shares traded. The stock had previously closed at $23.36.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of PBF Energy in a research report on Wednesday, April 27th. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Credit Suisse Group AG reduced their price objective on shares of PBF Energy from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, April 25th. Barclays PLC reduced their price objective on shares of PBF Energy from $36.00 to $35.00 in a research report on Friday, April 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of PBF Energy in a research report on Friday, April 8th. They issued an “overweight” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. PBF Energy presently has an average rating of “Hold” and an average target price of $36.08.

The company’s 50 day moving average price is $25.49 and its 200 day moving average price is $30.59. The firm has a market cap of $2.21 billion and a P/E ratio of 69.45.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.46) by $0.19. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that PBF Energy Inc. will post $2.31 earnings per share for the current fiscal year.

In related news, CEO Thomas J. Nimbley purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were purchased at an average cost of $27.40 per share, for a total transaction of $1,370,000.00. Following the completion of the acquisition, the chief executive officer now owns 110,000 shares in the company, valued at approximately $3,014,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew C. Lucey purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was bought at an average price of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the acquisition, the president now owns 50,000 shares of the company’s stock, valued at approximately $1,375,000. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently bought and sold shares of PBF. New Amsterdam Partners LLC NY boosted its position in PBF Energy by 0.3% in the fourth quarter. New Amsterdam Partners LLC NY now owns 181,063 shares of the company’s stock worth $6,665,000 after buying an additional 486 shares during the last quarter. California Public Employees Retirement System boosted its position in PBF Energy by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 209,300 shares of the company’s stock worth $7,704,000 after buying an additional 2,500 shares during the last quarter. Towle & Co. boosted its position in PBF Energy by 0.4% in the fourth quarter. Towle & Co. now owns 633,965 shares of the company’s stock worth $23,336,000 after buying an additional 2,770 shares during the last quarter. State of Wisconsin Investment Board boosted its position in PBF Energy by 9.2% in the fourth quarter. State of Wisconsin Investment Board now owns 70,130 shares of the company’s stock worth $2,581,000 after buying an additional 5,930 shares during the last quarter. Finally, Swiss National Bank boosted its position in PBF Energy by 9.0% in the fourth quarter. Swiss National Bank now owns 127,300 shares of the company’s stock worth $4,686,000 after buying an additional 10,500 shares during the last quarter.

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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