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Wells Fargo Sticks to Its Hold Rating for PBF Energy (PBF) | Markets Insider

Published 1 month ago1 minute read

In a report released yesterday, Roger Read from Wells Fargo maintained a Hold rating on PBF Energy (PBFResearch Report), with a price target of $25.00. The company’s shares closed yesterday at $23.21.

According to TipRanks, Read is a 4-star analyst with an average return of 3.9% and a 51.71% success rate. Read covers the Energy sector, focusing on stocks such as Conocophillips, Phillips 66, and BP.

In addition to Wells Fargo, PBF Energy also received a Hold from Citi’s Vikram Bagri in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Sell rating on PBF Energy (NYSE: PBF).

The company has a one-year high of $62.88 and a one-year low of $22.03. Currently, PBF Energy has an average volume of 2.12M.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PBF in relation to earlier this year. Earlier this month, Carso De-C Inmobiliaria, a Major Shareholder at PBF bought 150,000.00 shares for a total of $4,305,000.00.

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