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

PBF Energy Inc. (NYSE:PBF) has been given a consensus rating of “Reduce” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $38.50.

A number of research firms have commented on PBF. Scotiabank lifted their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Mizuho raised their target price on shares of PBF Energy from $48.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, June 12th. BMO Capital Markets upped their price target on shares of PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, April 2nd. Finally, Zacks Research cut shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th.

Insider Transactions at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital sold 100,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $54.52, for a total value of $5,452,000.00. Following the transaction, the insider directly owned 15,712,128 shares of the company’s stock, valued at $856,625,218.56. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 3,541,570 shares of company stock valued at $165,787,386. Insiders own 5.50% of the company’s stock.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 242 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in PBF Energy by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 260 shares in the last quarter. Merit Financial Group LLC grew its stake in PBF Energy by 3.4% during the fourth quarter. Merit Financial Group LLC now owns 9,900 shares of the oil and gas company’s stock worth $268,000 after buying an additional 325 shares in the last quarter. Next Level Private LLC lifted its holdings in shares of PBF Energy by 0.6% during the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock worth $1,808,000 after acquiring an additional 378 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in PBF Energy by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock valued at $375,000 after acquiring an additional 383 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Stock Performance

PBF opened at $60.91 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. PBF Energy has a 12-month low of $21.24 and a 12-month high of $61.58. The business has a 50 day moving average of $44.05 and a 200-day moving average of $40.20. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.15 and a beta of 0.11.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same period in the previous year, the firm posted ($3.53) earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that PBF Energy will post 9.76 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

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.