PBF Energy Inc. (NYSE:PBF) Receives $32.00 Average Price Target from Brokerages

Shares of PBF Energy Inc. (NYSE:PBF - Get Free Report) have been given an average rating of "Reduce" by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.00.

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. StockNews.com lowered PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Bank of America began coverage on PBF Energy in a research report on Thursday, October 17th. They set an "underperform" rating and a $25.00 price target on the stock. Wells Fargo & Company downgraded PBF Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $39.00 to $34.00 in a research report on Monday, December 9th. Finally, TD Cowen cut shares of PBF Energy from a "hold" rating to a "sell" rating and cut their target price for the stock from $27.00 to $20.00 in a report on Friday, December 20th.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital purchased 150,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average cost of $28.70 per share, for a total transaction of $4,305,000.00. Following the completion of the transaction, the insider now directly owns 29,505,998 shares of the company's stock, valued at $846,822,142.60. This trade represents a 0.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders purchased 1,968,500 shares of company stock valued at $58,476,810. Company insiders own 5.30% of the company's stock.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after buying an additional 1,056 shares during the period. Quarry LP purchased a new stake in PBF Energy in the third quarter worth about $48,000. Harbor Capital Advisors Inc. bought a new position in shares of PBF Energy during the third quarter valued at approximately $59,000. Golden State Wealth Management LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after purchasing an additional 614 shares in the last quarter. Institutional investors own 96.29% of the company's stock.

PBF Energy Trading Up 3.1 %

Shares of PBF traded up $0.86 during mid-day trading on Friday, reaching $28.68. The company's stock had a trading volume of 1,738,146 shares, compared to its average volume of 2,071,525. PBF Energy has a 52 week low of $24.21 and a 52 week high of $62.88. The stock has a market cap of $3.30 billion, a PE ratio of -11.07 and a beta of 1.60. The company's fifty day moving average price is $28.66 and its two-hundred day moving average price is $31.52. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

About PBF Energy

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.