PBF Energy Inc. [NYSE: PBF] plunged by -$2.18 during the normal trading session on Thursday and reaching a high of $27.78 during the day while it closed the day at $26.42. The company report on July 11, 2022 that PBF Energy Announces Full Redemption of $1.25 Billion of PBF Holding 9.25% Senior Secured Notes due 2025.
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PBF Energy Inc. (NYSE: PBF) today announced that its indirect subsidiary, PBF Holding Company LLC (“PBF Holding”), has fully redeemed all of the $1.25 billion in aggregate principal amount outstanding of its 9.25% Senior Secured Notes due 2025 (the “Notes”) issued by PBF Holding and PBF Finance Corporation. The Notes were redeemed at a redemption price of 104.625%, plus accrued and unpaid interest through July 11, 2022.
PBF Energy Inc. stock has also loss -0.34% of its value over the past 7 days. However, PBF stock has declined by -8.87% in the 3 months of the year. Over the past six months meanwhile, it has gained 50.71% and gained 103.70% year-on date.
The market cap for PBF stock reached $3.08 billion, with 120.34 million shares outstanding and 108.81 million shares in the current float. Compared to the average trading volume of 3.44M shares, PBF reached a trading volume of 3639147 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about PBF Energy Inc. [PBF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBF shares is $36.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBF stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for PBF Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 14, 2022. The new note on the price target was released on May 17, 2022, representing the official price target for PBF Energy Inc. stock. Previously, the target price had yet another raise from $20 to $30, while Wells Fargo kept a Equal Weight rating on PBF stock. On March 08, 2022, analysts increased their price target for PBF shares from 15 to 25.
The Average True Range (ATR) for PBF Energy Inc. is set at 2.32, with the Price to Sales ratio for PBF stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 12.31. Price to Free Cash Flow for PBF in the course of the last twelve months was 4.07 with Quick ratio for the last quarter at 0.70.
PBF stock trade performance evaluation
PBF Energy Inc. [PBF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, PBF shares dropped by -25.91% in over the last four-week period, additionally plugging by 50.71% over the last 6 months – not to mention a rise of 152.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBF stock in for the last two-week period is set at 38.76, with the RSI for the last a single of trading hit 35.72, and the three-weeks RSI is set at 41.58 for PBF Energy Inc. [PBF]. The present Moving Average for the last 50 days of trading for this stock 32.19, while it was recorded at 27.71 for the last single week of trading, and 21.80 for the last 200 days.
PBF Energy Inc. [PBF]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and PBF Energy Inc. [PBF] shares currently have an operating margin of +2.61 and a Gross Margin at +3.51. PBF Energy Inc.’s Net Margin is presently recorded at +0.85.
Return on Equity for this stock inclined to 12.94, with Return on Assets sitting at 1.99.
PBF Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.
PBF Energy Inc. [PBF]: Insider Ownership positions
There are presently around $2,686 million, or 80.30% of PBF stock, in the hands of institutional investors. The top three institutional holders of PBF stocks are: BLACKROCK INC. with ownership of 16,561,319, which is approximately -2.818% of the company’s market cap and around 10.70% of the total institutional ownership; VANGUARD GROUP INC, holding 12,265,760 shares of the stock with an approximate value of $350.8 million in PBF stocks shares; and STATE STREET CORP, currently with $245.55 million in PBF stock with ownership of nearly -13.094% of the company’s market capitalization.
Positions in PBF Energy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 136 institutional holders increased their position in PBF Energy Inc. [NYSE:PBF] by around 12,549,835 shares. Additionally, 108 investors decreased positions by around 8,711,532 shares, while 33 investors held positions by with 72,650,741 shares. The mentioned changes placed institutional holdings at 93,912,108 shares, according to the latest SEC report filing. PBF stock had 61 new institutional investments in for a total of 3,888,544 shares, while 24 institutional investors sold positions of 1,772,748 shares during the same period.