Mizuho Securities analyst Silvio Micheloto maintained a Buy rating on PBF Energy (PBF – Research Report) on July 27 and set a price target of $43.00. The company’s shares closed last Friday at $33.35.
According to TipRanks.com, Micheloto is a 5-star analyst with an average return of 53.6% and a 95.0% success rate. Micheloto covers the Utilities sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Delek US Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for PBF Energy with a $37.60 average price target, a 16.6% upside from current levels. In a report issued on July 29, Wells Fargo also maintained a Buy rating on the stock with a $48.00 price target.
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PBF Energy’s market cap is currently $4.03B and has a P/E ratio of 2.95.
Based on the recent corporate insider activity of 63 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 May 2022, Canty Trecia M, the SVP & GC of PBF sold 50,000 shares for a total of $1,530,500.
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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.
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