Barclays downgraded shares of PBF Energy (NYSE:PBF) from an overweight rating to an underweight rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. Barclays currently has $7.00 target price on the oil and gas company’s stock, down from their previous target price of $11.00.

PBF has been the topic of a number of other research reports. Raymond James lowered shares of PBF Energy to a sell rating in a report on Monday, May 18th. Citigroup lowered shares of PBF Energy from a neutral rating to a sell rating and decreased their target price for the stock from $23.00 to $4.00 in a report on Friday, April 24th. Royal Bank of Canada reaffirmed a hold rating and set a $9.00 target price on shares of PBF Energy in a report on Wednesday, April 1st. Morgan Stanley decreased their target price on shares of PBF Energy from $21.00 to $15.00 and set an equal weight rating on the stock in a report on Wednesday, May 13th. Finally, Cowen lowered shares of PBF Energy from an outperform rating to a market perform rating and decreased their price target for the stock from $30.00 to $8.00 in a report on Friday, March 27th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. PBF Energy presently has an average rating of Hold and an average target price of $18.86.

PBF opened at $10.46 on Tuesday. The firm has a 50-day moving average price of $8.45 and a 200-day moving average price of $22.06. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.64 and a beta of 2.74. PBF Energy has a twelve month low of $5.19 and a twelve month high of $34.91. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of 1.56.

PBF Energy (NYSE:PBF) last posted its earnings results on Friday, May 15th. The oil and gas company reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.10). The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $4.67 billion. PBF Energy had a positive return on equity of 3.40% and a negative net margin of 3.97%. On average, sell-side analysts expect that PBF Energy will post -4.98 earnings per share for the current fiscal year.

In other PBF Energy news, insider Carso S.A. De C.V. Inversora acquired 30,621 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $14.78 per share, with a total value of $452,578.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 1,260,621 shares of company stock valued at $10,664,178 in the last ninety days. 4.30% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of PBF Energy by 18.1% in the 1st quarter. State Street Corp now owns 5,723,274 shares of the oil and gas company’s stock valued at $40,521,000 after purchasing an additional 876,104 shares in the last quarter. Invesco Ltd. boosted its stake in shares of PBF Energy by 75.1% in the 1st quarter. Invesco Ltd. now owns 2,566,862 shares of the oil and gas company’s stock valued at $18,173,000 after purchasing an additional 1,100,693 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in PBF Energy by 2.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,125,061 shares of the oil and gas company’s stock valued at $66,663,000 after buying an additional 58,282 shares during the period. APG Asset Management N.V. purchased a new stake in PBF Energy during the 1st quarter valued at $54,046,000. Finally, Towle & Co. boosted its position in PBF Energy by 42.2% during the 1st quarter. Towle & Co. now owns 1,714,554 shares of the oil and gas company’s stock valued at $12,139,000 after buying an additional 508,543 shares during the period. 75.60% of the stock is owned by institutional investors.

PBF Energy Company Profile

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.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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