Citigroup downgraded shares of PBF Energy (NYSE:PBF) from a buy rating to a neutral rating in a research note published on Wednesday, Marketbeat reports. Citigroup currently has $37.00 target price on the oil and gas company’s stock. The analysts noted that the move was a valuation call.

Several other brokerages have also commented on PBF. Morgan Stanley increased their price objective on shares of PBF Energy from $37.00 to $38.00 and gave the company a sell rating in a research report on Monday, April 16th. Zacks Investment Research lowered shares of PBF Energy from a buy rating to a hold rating in a research report on Thursday, January 4th. Scotiabank reaffirmed a buy rating and issued a $41.00 price objective on shares of PBF Energy in a research report on Wednesday, January 10th. JPMorgan Chase increased their price objective on shares of PBF Energy from $34.00 to $35.00 and gave the company an underweight rating in a research report on Monday, April 9th. Finally, Howard Weil lowered shares of PBF Energy from a sector outperform rating to a sector perform rating in a research report on Wednesday, April 11th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $37.10.

Shares of PBF Energy stock opened at $38.19 on Wednesday. The company has a market capitalization of $4,226.56, a P/E ratio of 33.50, a P/E/G ratio of 1.10 and a beta of 1.17. The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.75. PBF Energy has a 52 week low of $18.48 and a 52 week high of $38.52.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.25). The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $5.23 billion. PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The business’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.71) earnings per share. analysts expect that PBF Energy will post 3.47 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of PBF. Schwab Charles Investment Management Inc. raised its position in PBF Energy by 8.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 476,992 shares of the oil and gas company’s stock worth $13,170,000 after buying an additional 37,660 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in PBF Energy during the 3rd quarter worth approximately $838,000. Ladenburg Thalmann Financial Services Inc. raised its position in PBF Energy by 124.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,076 shares of the oil and gas company’s stock worth $1,189,000 after buying an additional 23,906 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of PBF Energy by 13.0% during the 3rd quarter. California Public Employees Retirement System now owns 247,948 shares of the oil and gas company’s stock valued at $6,846,000 after purchasing an additional 28,548 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of PBF Energy during the 3rd quarter valued at approximately $538,000.

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About PBF Energy

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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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