PBF Energy (NYSE:PBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, January 4th.

According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “

Other analysts also recently issued reports about the company. Macquarie reaffirmed a “neutral” rating on shares of PBF Energy in a research report on Monday, October 23rd. Cowen reissued a “buy” rating and set a $30.00 price objective on shares of PBF Energy in a report on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 price objective on shares of PBF Energy in a report on Wednesday, October 18th. Scotiabank reissued a “buy” rating on shares of PBF Energy in a report on Friday, November 3rd. Finally, TheStreet raised PBF Energy from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.30.

Shares of PBF Energy (PBF) traded down $0.29 on Thursday, hitting $32.11. The company had a trading volume of 384,846 shares, compared to its average volume of 1,985,362. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $3,648.79, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. PBF Energy has a one year low of $18.48 and a one year high of $37.01.

Institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of PBF Energy by 48.0% in the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after acquiring an additional 1,611,707 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of PBF Energy in the third quarter worth $838,000. Mutual of America Capital Management LLC boosted its holdings in shares of PBF Energy by 21.0% in the second quarter. Mutual of America Capital Management LLC now owns 542,154 shares of the oil and gas company’s stock worth $12,068,000 after acquiring an additional 94,034 shares during the period. Northern Trust Corp boosted its holdings in shares of PBF Energy by 63.2% in the second quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock worth $22,237,000 after acquiring an additional 386,930 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in shares of PBF Energy by 6,300.0% in the second quarter. Commonwealth Bank of Australia now owns 102,400 shares of the oil and gas company’s stock worth $2,279,000 after acquiring an additional 100,800 shares during the period.

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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.

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