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UBS Upgrades PBF Energy Inc (PBF) to a Buy from a Neutral

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 $0.22 million on Apr 15 ’25. In the deal valued at $14.44 per share,15,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 30,774,998 shares worth roughly $686.59 million.

Then, Control Empresarial de Capital bought 15,000 shares, generating $209,626 in total proceeds. Upon buying the shares at $13.98, the Add’l Rep. Persons-see Ex.99-1 now owns 30,757,998 shares.

Before that, Control Empresarial de Capital bought 2,000 shares. PBF Energy Inc shares valued at $29,000 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $14.50 per share. As a result of the transaction, Control Empresarial de Capital now holds 30,759,998 shares, worth roughly $686.26 million.

UBS upgraded its PBF Energy Inc [PBF] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Sell”‘ rating for it. TD Cowen also remained covering PBF and has decreased its forecast on December 20, 2024 with a “Sell” recommendation from previously “Hold” rating. Mizuho revised its rating on December 16, 2024. It rated PBF as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of PBF

On Friday, PBF Energy Inc [NYSE:PBF] saw its stock fall -0.40% to $22.31. Over the last five days, the stock has gained 10.83%. PBF Energy Inc shares have fallen nearly -15.97% since the year began. Nevertheless, the stocks have fallen -53.84% over the past one year. While a 52-week high of $51.63 was reached on 01/15/25, a 52-week low of $13.61 was recorded on 04/07/25. SMA at 50 days reached $18.48, while 200 days put it at $27.41.

Levels Of Support And Resistance For PBF Stock

The 24-hour chart illustrates a support level at 21.98, which if violated will result in even more drops to 21.65. On the upside, there is a resistance level at 22.60. A further resistance level may holdings at 22.89. The Relative Strength Index (RSI) on the 14-day chart is 70.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.12%. Stochastics %K at 90.22% indicates the stock is a selling.

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