PBF Energy Inc. (PBF) Given Consensus Rating of “Hold” by Brokerages
Shares of PBF Energy Inc. (NYSE:PBF) have received an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.29.
A number of equities analysts have recently weighed in on PBF shares. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, November 10th. Tudor Pickering raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine raised PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Barclays reiterated an “underweight” rating and set a $26.00 price target (up previously from $24.00) on shares of PBF Energy in a report on Tuesday, October 10th. Finally, Scotiabank set a $24.00 price target on PBF Energy and gave the stock a “buy” rating in a report on Thursday, August 3rd.
Shares of PBF Energy (NYSE PBF) traded up $0.67 during trading hours on Thursday, hitting $32.37. The stock had a trading volume of 2,495,029 shares, compared to its average volume of 2,421,031. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. PBF Energy has a one year low of $18.48 and a one year high of $33.75. The firm has a market capitalization of $3,570.67, a price-to-earnings ratio of 69.04, a price-to-earnings-growth ratio of 1.99 and a beta of 1.42.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 3.71%. PBF Energy’s dividend payout ratio (DPR) is presently 57.42%.
A number of large investors have recently made changes to their positions in PBF. BlackRock Inc. grew its stake in PBF Energy by 94.0% in the 2nd quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock valued at $202,832,000 after purchasing an additional 4,415,117 shares during the period. State Street Corp grew its stake in shares of PBF Energy by 48.0% during the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock worth $110,639,000 after acquiring an additional 1,611,707 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PBF Energy by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after acquiring an additional 953,577 shares during the period. Bank of New York Mellon Corp grew its stake in shares of PBF Energy by 65.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,967,406 shares of the oil and gas company’s stock worth $43,795,000 after acquiring an additional 779,766 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of PBF Energy by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock worth $205,480,000 after acquiring an additional 635,728 shares during the period.
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About PBF Energy
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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