New insider activity at PBF Energy ( (PBF) ) has taken place on February 4, 2025.
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Carso De-C Inmobiliaria has made a significant investment in PBF Energy by purchasing 171,000 shares valued at $5,016,200. This transaction highlights a notable interest and confidence in the energy company’s potential.
Recent Updates on PBF stock
Recent developments in PBF Energy include several price target reductions by major financial institutions. Mizuho lowered its price target due to expected significant misses on EBITDA and earnings in the fourth quarter, which are exacerbated by PBF’s higher leverage to weak refining market conditions. BofA also reduced its price target, citing cautious stances on oil macro and refining valuations, with concerns over future OPEC decisions and demand for refined products. These adjustments reflect analysts’ concerns over the company’s financial performance and broader market conditions.
More about PBF Energy
YTD Price Performance: 9.30%
Average Trading Volume: 2,075,628
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.37B