Morgan Stanley Sticks to Its Sell Rating for PBF Energy (PBF)

Morgan Stanley analyst Joe Laetsch maintained a Sell rating on PBF Energy today and set a price target of $27.00.

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Laetsch covers the Energy sector, focusing on stocks such as Patterson-UTI, Liberty Oilfield Services, and Halliburton. According to TipRanks, Laetsch has an average return of 2.5% and a 59.52% success rate on recommended stocks.

In addition to Morgan Stanley, PBF Energy also received a Sell from TD Cowen’s Jason Gabelman in a report issued today. However, on February 14, TipRanks – DeepSeek reiterated a Hold rating on PBF Energy (NYSE: PBF).

Based on PBF Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.14 billion and a net profit of $78.4 million. In comparison, last year the company earned a revenue of $7.35 billion and had a GAAP net loss of $289.3 million

Based on the recent corporate insider activity of 110 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.