In a report released today, Ryan Todd from Piper Sandler assigned a Hold rating to PBF Energy (PBF – Research Report), with a price target of $61.00. The company’s shares closed last Friday at $51.86.
According to TipRanks, Todd is a 5-star analyst with an average return of 7.7% and a 58.82% success rate. Todd covers the Energy sector, focusing on stocks such as PBF Energy, Phillips 66, and Par Pacific Holdings.
In addition to Piper Sandler, PBF Energy also received a Hold from Scotiabank’s Paul Cheng in a report issued on May 3. However, on May 2, Wells Fargo maintained a Buy rating on PBF Energy (NYSE: PBF).
Based on PBF Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.14 billion and a GAAP net loss of $48.4 million. In comparison, last year the company earned a revenue of $10.85 billion and had a net profit of $637.8 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBF in relation to earlier this year. Most recently, in March 2024, Paul T. Davis, the SVP of PBF sold 100,000.00 shares for a total of $5,637,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PBF Energy (PBF) Company Description:
PBF Energy, Inc. engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products. The Logistics.segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. The company was founded on March 1, 2008 and is headquartered in Parsippany, NJ.
Read More on PBF:
- PBF Energy reports Q1 adjusted EPS 86c, consensus 66c
- PBF Energy Announces First Quarter 2024 Results and Declares Dividend of $0.25 per Share
- PBF Energy price target raised to $56 from $39 at Scotiabank
- PBF Energy price target raised to $71 from $65 at Wells Fargo
- PBF Energy price target raised to $61 from $50 at Piper Sandler
