PBF Energy Inc. (NYSE:PBF) Given Consensus Rating of “Reduce” by Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have been given an average rating of “Reduce” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.9231.

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Mizuho raised their target price on shares of PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Finally, Citigroup raised their target price on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th.

PBF Energy Price Performance

PBF opened at $46.01 on Wednesday. The company’s 50 day simple moving average is $40.31 and its 200 day simple moving average is $34.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. PBF Energy has a 1 year low of $13.82 and a 1 year high of $52.18. The stock has a market capitalization of $5.38 billion, a PE ratio of -31.30, a P/E/G ratio of 0.56 and a beta of 0.25.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period last year, the company earned ($2.82) earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that PBF Energy will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s payout ratio is -74.83%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the transaction, the insider directly owned 22,996,898 shares of the company’s stock, valued at $1,062,686,656.58. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 11,316,825 shares of company stock worth $492,838,557 over the last 90 days. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PBF. Smartleaf Asset Management LLC lifted its position in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 589 shares in the last quarter. Torren Management LLC acquired a new position in PBF Energy during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in PBF Energy during the fourth quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators lifted its position in PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 912 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.