PBF Energy (PBF) Gets a Hold from Mizuho Securities

Mizuho Securities analyst Nitin Kumar CFA maintained a Hold rating on PBF Energy today and set a price target of $38.00.

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Kumar CFA covers the Energy sector, focusing on stocks such as Chevron, Valero Energy, and CVR Energy. According to TipRanks, Kumar CFA has an average return of 2.7% and a 54.30% success rate on recommended stocks.

In addition to Mizuho Securities, PBF Energy also received a Hold from TipRanks – OpenAI’s OpenAI Oil and Gas Refining and Marketing in a report issued on January 9. However, yesterday, 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 108 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, Steven John Andriola, the Controller & CAO of PBF sold 2,579.00 shares for a total of $67,518.22.