PBF Energy Inc. (NYSE:PBF) Given Average Recommendation of “Reduce” by Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have received a consensus rating of “Reduce” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.1538.

A number of research firms have issued reports on PBF. Scotiabank increased their price objective on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Citigroup increased their price objective on PBF Energy from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. TD Cowen decreased their price objective on PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a report on Monday, April 27th. Finally, Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total value of $50,831,000.00. Following the completion of the transaction, the insider directly owned 22,996,898 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,668,525 shares of company stock worth $445,714,251 in the last ninety days. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently made changes to their positions in the company. Leonteq Securities AG purchased a new stake in shares of PBF Energy during the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 during the last quarter. Torren Management LLC purchased a new stake in shares of PBF Energy during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of PBF Energy during the fourth quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Price Performance

PBF opened at $38.70 on Thursday. The stock has a fifty day simple moving average of $43.13 and a two-hundred day simple moving average of $37.04. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.14 and a beta of 0.15. PBF Energy has a 12-month low of $17.53 and a 12-month high of $52.18.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted ($3.53) EPS. Research analysts predict that PBF Energy will post 6.7 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.8%. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

About PBF Energy

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.