The stock of PBF Energy Inc (NYSE:PBF) last traded at $28.83, down -0.86% from the previous session.
PBF stock price is now -10.98% away from the 50-day moving average and -34.65% away from the 200-day moving average. The market capitalization of the company currently stands at $3.38B.
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On October 04, 2024, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $42 to quote $35, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1 bought 314,000 shares of the company’s stock on Oct 29 ’24. The stock was bought for $9,288,528 at an average price of $29.58. Upon completion of the transaction, the Add’l Rep. Persons-see Ex.99-1 now directly owns 25,340,498 shares in the company, valued at $730.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 75,000 shares of the business’s stock. A total of $2,368,800 was incurred on buying the stock at an average price of $31.58. This leaves the insider owning 25,026,498 shares of the company worth $721.51 million. A total of 22.63% of the company’s stock is owned by insiders.
During the past 12 months, PBF Energy Inc has had a low of $28.92 and a high of $62.88. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.42, and a quick ratio of 0.75. The fifty day moving average price for PBF is $32.3868 and a two-hundred day moving average price translates $44.11895 for the stock.
The latest earnings results from PBF Energy Inc (NYSE: PBF) was released for 2024-06-30. The net profit margin was 2.09% and return on equity was 12.66% for PBF. The company reported revenue of $8.74 billion for the quarter, compared to $9.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.6 percent.
