J.P. Morgan Keeps Their Hold Rating on PBF Energy (PBF)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Hold rating on PBF Energy, with a price target of $22.00. The company’s shares closed yesterday at $29.11.

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According to TipRanks, Parham is a 4-star analyst with an average return of 7.0% and a 59.54% success rate. Parham covers the Energy sector, focusing on stocks such as California Resources Corp, Matador Resources, and National Fuel Gas Company.

In addition to J.P. Morgan, PBF Energy also received a Hold from Scotiabank’s Paul Cheng in a report issued on October 9. However, on the same day, Mizuho Securities maintained a Sell rating on PBF Energy (NYSE: PBF).

PBF market cap is currently $3.2B and has a P/E ratio of -3.38.

Based on the recent corporate insider activity of 101 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. Last month, Thomas Connor, the SVP of PBF sold 60,000.00 shares for a total of $2,040,000.00.