PBF Energy Inc (PBF) Rating Reiterated by Piper Jaffray Companies
PBF Energy Inc (NYSE:PBF)‘s stock had its “neutral” rating restated by research analysts at Piper Jaffray Companies in a report issued on Thursday.
A number of other equities analysts also recently issued reports on PBF. Zacks Investment Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Barclays PLC reissued an “outperform” rating on shares of PBF Energy in a report on Friday, April 14th. Scotiabank set a $25.00 price objective on shares of PBF Energy and gave the stock a “buy” rating in a report on Thursday, February 16th. Morgan Stanley downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, February 27th. Finally, US Capital Advisors reissued a “hold” rating on shares of PBF Energy in a report on Monday. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.15.
Shares of PBF Energy (NYSE:PBF) traded down 3.00% during mid-day trading on Thursday, hitting $20.36. 2,460,080 shares of the company were exchanged. The company has a 50 day moving average of $21.55 and a 200 day moving average of $23.73. The company has a market capitalization of $2.23 billion, a P/E ratio of 12.18 and a beta of 1.39. PBF Energy has a 52 week low of $19.47 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.26. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 0.11%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted ($0.65) earnings per share. The business’s revenue for the quarter was up 69.8% on a year-over-year basis. Equities analysts anticipate that PBF Energy will post $1.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, May 12th. PBF Energy’s dividend payout ratio is currently -2,400.00%.
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A number of institutional investors have recently modified their holdings of PBF. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in shares of PBF Energy during the first quarter valued at $113,000. US Bancorp DE increased its position in shares of PBF Energy by 35.6% in the first quarter. US Bancorp DE now owns 8,928 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 2,346 shares in the last quarter. IMS Capital Management purchased a new position in shares of PBF Energy during the first quarter valued at $207,000. Stifel Financial Corp increased its position in shares of PBF Energy by 9.0% in the first quarter. Stifel Financial Corp now owns 9,919 shares of the oil and gas company’s stock valued at $221,000 after buying an additional 818 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of PBF Energy by 10.9% in the first quarter. ProShare Advisors LLC now owns 11,255 shares of the oil and gas company’s stock valued at $250,000 after buying an additional 1,110 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.
PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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