PBF Energy Inc. (NYSE:PBF) Receives $36.09 Average PT from Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have received an average rating of “Reduce” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $34.45.

A number of research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday. UBS Group dropped their price target on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $47.00 to $25.00 in a research report on Friday, September 20th. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group reduced their price target on PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $29.01 per share, for a total transaction of $8,703,000.00. Following the transaction, the insider now owns 25,640,498 shares in the company, valued at $743,830,846.98. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 4,307,400 shares of company stock valued at $137,242,347. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in PBF Energy by 957.8% in the first quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock valued at $34,811,000 after acquiring an additional 547,509 shares during the period. SG Americas Securities LLC grew its stake in PBF Energy by 14,785.7% during the 1st quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock worth $31,262,000 after buying an additional 539,381 shares during the last quarter. Hsbc Holdings PLC grew its stake in PBF Energy by 246.5% during the 2nd quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock worth $22,881,000 after buying an additional 355,329 shares during the last quarter. Acadian Asset Management LLC increased its position in PBF Energy by 32.9% in the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after buying an additional 347,268 shares during the period. Finally, Natixis bought a new stake in PBF Energy in the first quarter valued at $16,269,000. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Stock Down 1.6 %

PBF opened at $28.07 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 4.67 and a beta of 1.55. PBF Energy has a one year low of $27.94 and a one year high of $62.88. The business’s fifty day moving average is $32.15 and its two-hundred day moving average is $40.48.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.40) by ($0.10). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm earned $6.61 earnings per share. The company’s revenue for the quarter was down 21.9% on a year-over-year basis. Analysts anticipate that PBF Energy will post -2.27 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.275 per share. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.92%. The ex-dividend date is Wednesday, November 13th. PBF Energy’s dividend payout ratio (DPR) is currently 16.64%.

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.