New insider activity at PBF Energy ( (PBF) ) has taken place on February 19, 2025.
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Carso De-C Inmobiliaria has made a significant investment in PBF Energy by purchasing 200,000 shares of its stock, amounting to a total value of $4,758,850.
Recent Updates on PBF stock
In the last 24 hours, PBF Energy faced significant challenges that led to changes in its stock price targets by multiple analysts. A major factor was the fire at the Martinez refinery, which resulted in a complete shutdown during planned maintenance. The uncertainty surrounding the duration and repair costs of this incident prompted TD Cowen to lower its price target due to potential cash flow impacts. Wells Fargo also adjusted its price target due to similar concerns regarding the Martinez shutdown and its financial implications, highlighting the unplanned downtime and repair costs as areas of uncertainty. Additionally, PBF Energy reported a substantial adjusted net loss in the fourth quarter, further exacerbating financial strains alongside operational challenges. Despite these setbacks, the company maintained its commitment to shareholder returns and expressed cautious optimism about future market conditions, supported by strategic cost-saving initiatives aimed at long-term growth.
More about PBF Energy
YTD Price Performance: -13.34%
Average Trading Volume: 2,150,494
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.67B