PBF Energy Inc. (NYSE:PBF) Given Consensus Rating of “Hold” by Brokerages

Shares of PBF Energy Inc. (NYSE:PBF) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $49.91.

Several equities analysts have issued reports on PBF shares. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Piper Sandler decreased their target price on PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Wolfe Research initiated coverage on PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Finally, UBS Group cut their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th.

PBF Energy Trading Down 0.3 %

PBF opened at $32.52 on Tuesday. The business’s 50-day simple moving average is $36.31 and its 200-day simple moving average is $45.98. The company has a market cap of $3.86 billion, a P/E ratio of 2.25 and a beta of 1.56. PBF Energy has a one year low of $30.61 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period in the previous year, the business posted $2.29 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that PBF Energy will post 1.25 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.08%. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 50,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $35.60 per share, for a total transaction of $1,780,000.00. Following the transaction, the insider now owns 18,179,598 shares of the company’s stock, valued at approximately $647,193,688.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 3,049,500 shares of company stock worth $109,399,914 over the last 90 days. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently made changes to their positions in PBF. GAMMA Investing LLC boosted its holdings in PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after buying an additional 224 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of PBF Energy during the 1st quarter worth approximately $27,000. National Bank of Canada FI purchased a new stake in shares of PBF Energy during the 2nd quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new stake in shares of PBF Energy in the 4th quarter worth approximately $29,000. Finally, CWM LLC increased its stake in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 569 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, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.