Shares of PBF Energy Inc (NYSE:PBF) have been given a consensus recommendation of “Hold” by the twenty brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $44.40.
Several equities research analysts have recently weighed in on the stock. Citigroup set a $55.00 target price on shares of PBF Energy and gave the stock a “hold” rating in a research report on Friday. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating in a research report on Friday. Credit Suisse Group boosted their price objective on shares of PBF Energy from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Wells Fargo & Co lowered their price objective on shares of PBF Energy from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Finally, Raymond James raised shares of PBF Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, June 4th.
Several large investors have recently made changes to their positions in PBF. Alps Advisors Inc. bought a new position in PBF Energy in the 1st quarter worth about $532,000. Mackay Shields LLC bought a new position in PBF Energy in the 1st quarter worth about $19,082,000. Meeder Asset Management Inc. grew its position in PBF Energy by 30.4% in the 1st quarter. Meeder Asset Management Inc. now owns 33,454 shares of the oil and gas company’s stock worth $1,133,000 after purchasing an additional 7,806 shares during the last quarter. Trexquant Investment LP bought a new position in PBF Energy in the 1st quarter worth about $705,000. Finally, American Century Companies Inc. grew its position in PBF Energy by 104.0% in the 1st quarter. American Century Companies Inc. now owns 388,915 shares of the oil and gas company’s stock worth $13,184,000 after purchasing an additional 198,253 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.
Shares of PBF traded down $0.27 during midday trading on Friday, hitting $50.67. The company had a trading volume of 73,254 shares, compared to its average volume of 1,884,132. The company has a market capitalization of $5.95 billion, a P/E ratio of 44.82, a PEG ratio of 1.18 and a beta of 1.45. PBF Energy has a 52 week low of $24.36 and a 52 week high of $53.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.66.
PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 2nd. The oil and gas company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $6.15 billion. PBF Energy had a net margin of 3.40% and a return on equity of 9.82%. The company’s revenue was up 48.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. sell-side analysts expect that PBF Energy will post 2.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Wednesday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, August 14th. PBF Energy’s dividend payout ratio is presently 105.26%.
PBF Energy Company Profile
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.
See Also: Fiduciary
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.