Mizuho Has Lowered Expectations for PBF Energy (NYSE:PBF) Stock Price

PBF Energy (NYSE:PBF - Get Free Report) had its price target decreased by analysts at Mizuho from $36.00 to $33.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Mizuho's target price indicates a potential upside of 16.40% from the stock's current price.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of PBF Energy from $51.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Scotiabank reduced their price objective on shares of PBF Energy from $45.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. TD Cowen reduced their price objective on shares of PBF Energy from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.18.

PBF Energy Trading Up 1.0 %

Shares of NYSE:PBF traded up $0.27 during trading on Monday, reaching $28.35. The company's stock had a trading volume of 1,766,335 shares, compared to its average volume of 2,177,525. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. PBF Energy has a 12 month low of $27.94 and a 12 month high of $62.88. The firm's 50 day simple moving average is $32.15 and its two-hundred day simple moving average is $40.24. The stock has a market capitalization of $3.32 billion, a PE ratio of -10.98 and a beta of 1.56.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.78%. The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the business posted $6.61 EPS. The firm's revenue was down 21.9% on a year-over-year basis. On average, research analysts predict that PBF Energy will post -2.27 EPS for the current fiscal year.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital purchased 805,300 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $32.62 per share, with a total value of $26,268,886.00. Following the completion of the acquisition, the insider now owns 20,634,898 shares in the company, valued at $673,110,372.76. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have bought 4,257,400 shares of company stock worth $135,462,347. Corporate insiders own 5.30% of the company's stock.

Institutional Trading of PBF Energy

Several large investors have recently made changes to their positions in PBF. National Bank of Canada FI acquired a new stake in shares of PBF Energy in the second quarter valued at about $26,000. CWM LLC boosted its holdings in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock worth $50,000 after buying an additional 569 shares during the last quarter. Headlands Technologies LLC purchased a new stake in PBF Energy during the 1st quarter worth approximately $82,000. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy during the third quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PBF Energy by 152.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company's stock valued at $110,000 after acquiring an additional 1,252 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.