Mizuho Securities Remains a Hold on PBF Energy (PBF)

In a report released today, Nitin Kumar CFA from Mizuho Securities maintained a Hold rating on PBF Energy, with a price target of $38.00.

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Kumar CFA covers the Energy sector, focusing on stocks such as Coterra Energy, Exxon Mobil, and Devon Energy. According to TipRanks, Kumar CFA has an average return of 5.9% and a 62.17% success rate on recommended stocks.

In addition to Mizuho Securities, PBF Energy also received a Hold from Scotiabank’s Paul Cheng in a report issued today. However, on the same day, Piper Sandler maintained a Buy rating on PBF Energy (NYSE: PBF).

Based on PBF Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.65 billion and a net profit of $170.1 million. In comparison, last year the company earned a revenue of $8.38 billion and had a GAAP net loss of $285.9 million

Based on the recent corporate insider activity of 109 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. Earlier this month, Carso De-C Inmobiliaria, a Major Shareholder at PBF sold 460,400.00 shares for a total of $16,243,932.00.