Shares of PBF Energy Inc. (NYSE:PBF – Get Free Report) have earned a consensus rating of “Reduce” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.00.

A number of brokerages recently weighed in on PBF. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and reduced their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $34.00 in a report on Monday, December 9th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Scotiabank cut their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th.

Check Out Our Latest Report on PBF Energy

PBF Energy Stock Performance

NYSE:PBF opened at $28.07 on Friday. PBF Energy has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The firm’s 50 day moving average is $28.80 and its two-hundred day moving average is $31.72. The company has a market cap of $3.23 billion, a P/E ratio of -10.84 and a beta of 1.60. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average price of $31.28 per share, with a total value of $3,128,000.00. Following the completion of the transaction, the insider now owns 26,532,498 shares of the company’s stock, valued at $829,936,537.44. This represents a 0.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 1,818,500 shares of company stock valued at $54,171,810. 5.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PBF. Fortitude Family Office LLC raised its stake 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 valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP bought a new stake in PBF Energy in the third quarter valued at about $48,000. Harbor Capital Advisors Inc. bought a new stake in PBF Energy in the third quarter valued at about $59,000. Golden State Wealth Management LLC acquired a new stake in PBF Energy during the fourth quarter valued at approximately $61,000. Finally, Blue Trust Inc. lifted its holdings in PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after buying an additional 2,027 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

(Get Free Report

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.

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