PBF Energy Inc. (NYSE:PBF) was upgraded by equities research analysts at Tudor Pickering from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

PBF has been the subject of a number of other research reports. Zacks Investment Research upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Citigroup Inc. lowered their target price on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a report on Monday, August 7th. Credit Suisse Group cut PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a report on Tuesday, June 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 target price on shares of PBF Energy in a report on Thursday, June 1st. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of PBF Energy in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PBF Energy has an average rating of “Hold” and an average price target of $24.00.

PBF Energy (NYSE:PBF) opened at 24.79 on Friday. The stock’s market cap is $2.72 billion. PBF Energy has a one year low of $18.48 and a one year high of $30.98. The stock’s 50 day moving average price is $22.01 and its 200-day moving average price is $21.93.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.76 billion. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. During the same period in the previous year, the business posted $0.14 EPS. On average, analysts predict that PBF Energy will post $0.37 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in PBF. First Allied Advisory Services Inc. boosted its position in shares of PBF Energy by 1.0% in the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 177 shares during the last quarter. Clinton Group Inc. boosted its position in shares of PBF Energy by 0.6% in the first quarter. Clinton Group Inc. now owns 29,207 shares of the oil and gas company’s stock valued at $648,000 after buying an additional 181 shares during the last quarter. Utah Retirement Systems boosted its position in shares of PBF Energy by 1.0% in the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after buying an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of PBF Energy by 1.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,704 shares of the oil and gas company’s stock valued at $526,000 after buying an additional 314 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of PBF Energy by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock valued at $586,000 after buying an additional 316 shares during the last quarter.

PBF Energy Company Profile

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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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