PBF Energy Inc (NYSE:PBF)’s share price was down 9.9% during trading on Friday . The company traded as low as $42.74 and last traded at $43.22. Approximately 3,821,202 shares changed hands during trading, an increase of 85% from the average daily volume of 2,062,794 shares. The stock had previously closed at $47.99.
A number of equities analysts have commented on PBF shares. ValuEngine downgraded shares of PBF Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Macquarie raised shares of PBF Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, July 9th. Mizuho started coverage on shares of PBF Energy in a research note on Wednesday, August 1st. They set a “buy” rating and a $55.00 target price on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of PBF Energy in a research note on Friday, August 3rd. Finally, Wells Fargo & Co reduced their target price on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.58.
The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.14 and a beta of 1.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.66.
Institutional investors and hedge funds have recently made changes to their positions in the business. Smithfield Trust Co. acquired a new stake in shares of PBF Energy during the second quarter valued at about $121,000. Itau Unibanco Holding S.A. acquired a new position in shares of PBF Energy in the second quarter valued at approximately $132,000. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy in the second quarter valued at approximately $145,000. Cerebellum GP LLC acquired a new position in shares of PBF Energy in the second quarter valued at approximately $175,000. Finally, Sun Life Financial INC acquired a new position in shares of PBF Energy in the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 92.97% of the company’s stock.
PBF Energy Company Profile (NYSE:PBF)
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.
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