PBF Energy Inc. (PBF) Shares Up 1.2%
PBF Energy Inc. (NYSE:PBF) shares shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $22.79 and last traded at $22.60, with a volume of 1,440,805 shares traded. The stock had previously closed at $22.33.
Several analysts recently issued reports on PBF shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of PBF Energy in a research report on Sunday, June 12th. Simmons increased their price target on shares of PBF Energy from $27.00 to $28.00 in a research report on Tuesday, April 12th. Zacks Investment Research lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 4th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of PBF Energy in a research report on Wednesday, April 27th. Finally, Royal Bank Of Canada started coverage on shares of PBF Energy in a research report on Tuesday, April 12th. They set a “sector perform” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.00.
The company has a market cap of $2.21 billion and a PE ratio of 69.60. The firm’s 50 day moving average price is $24.00 and its 200 day moving average price is $29.63.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by $0.19. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.47 billion. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Equities research analysts expect that PBF Energy Inc. will post $1.21 EPS for the current fiscal year.
In other PBF Energy news, President Matthew C. Lucey purchased 10,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were bought at an average price of $27.50 per share, with a total value of $275,000.00. Following the completion of the transaction, the president now directly owns 50,000 shares in the company, valued at approximately $1,375,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas J. Nimbley purchased 50,000 shares of the stock in a transaction dated Wednesday, June 1st. The stock was acquired at an average cost of $27.40 per share, for a total transaction of $1,370,000.00. Following the transaction, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $3,014,000. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the company. New Amsterdam Partners LLC NY raised its stake 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 period. California Public Employees Retirement System raised its stake 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 period. Towle & Co. raised its stake 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 period. State of Wisconsin Investment Board raised its stake 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 period. Finally, Swiss National Bank raised its stake 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 period.
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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