PBF Energy Inc’s filing revealed that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $5.18 million on Jun 13 ’24. In the deal valued at $43.89 per share,118,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 15,404,098 shares worth roughly $677.16 million.
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Then, Control Empresarial de Capital bought 403,400 shares, generating $17,896,357 in total proceeds. Upon buying the shares at $44.36, the Add’l Rep. Persons-see Ex.99-1 now owns 15,286,098 shares.
Before that, Control Empresarial de Capital bought 7,500 shares. PBF Energy Inc shares valued at $342,359 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $45.65 per share. As a result of the transaction, Control Empresarial de Capital now holds 14,882,698 shares, worth roughly $654.24 million.
TD Cowen reiterated its PBF Energy Inc [PBF] rating to a Hold in a research note published on May 03, 2024; the price target was $45. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. BofA Securities also remained covering PBF and has increased its forecast on March 15, 2024 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on February 16, 2024. It rated PBF as “a Market perform”.
Price Performance Review of PBF
On Friday, PBF Energy Inc [NYSE:PBF] saw its stock fall -2.20% to $43.96. Over the last five days, the stock has lost -4.95%. Nevertheless, the stocks have risen 10.42% over the past one year. While a 52-week high of $62.88 was reached on 04/05/24, a 52-week low of $38.63 was recorded on 01/08/24. SMA at 50 days reached $51.70, while 200 days put it at $49.15. A total of 1.96 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For PBF Stock
The 24-hour chart illustrates a support level at 43.63, which if violated will result in even more drops to 43.30. On the upside, there is a resistance level at 44.53. A further resistance level may holdings at 45.10. The Relative Strength Index (RSI) on the 14-day chart is 34.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.94%. Stochastics %K at 10.23% indicates the stock is a buying.
The most recent change occurred on January 24, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating .
