Deutsche Bank Maintains PBF Energy Inc to Hold with Price Target $27.00

Brokerage firm Deutsche Bank Maintains its rating on PBF Energy Inc(NYSE:PBF). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Sep 15, 2016.

In a different note, On Sep 9, 2016, Goldman Sachs said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 11, 2016, JP Morgan said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Goldman Sachs said it Downgrades its rating on PBF Energy Inc. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm.

PBF Energy Inc (PBF) shares turned negative on Tuesdays trading session with the shares closing down -1.86 points or -7.85% at a volume of 46,26,750. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.72. The peak price level was also seen at $23.72 while the days lowest was $21.76. Finally the shares closed at $21.83. The 52-week high of the shares is $41.75 while the 52-week low is $20.57. According to the latest information available, the market cap of the company is $2,136 M.

PBF Energy Inc(PBF) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.86B. Analysts had an estimated revenue of $3.08B. Earnings per share were $0.14. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Thomas J. Nimbley (CEO) purchased 50,000 shares at $21.84 per share price.Also, On Sep 9, 2016, Connor Thomas L O (Senior Vice President) purchased 10,000 shares at $21.73 per share price.On Jun 2, 2016, Matthew C. Lucey (President) purchased 10,000 shares at $27.50 per share price, according to the Form-4 filing with the securities and exchange commission.

PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels heating oil petrochemical feedstocks lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity known as throughput of approximately 540000bpd and a weighted average Nelson Complexity Index of 11.3. PBF Energy’s three refineries are located in Toledo Ohio Delaware City Delaware and Paulsboro New Jersey. The Company operates in two business segments: Refining and Logistics. The Company’s three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistical assets such as crude oil and refined petroleum products terminals pipelines and storage facilities which are aggregated into the Logistics segment.

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