PBF Energy Inc. (NYSE:PBF) Receives Average Recommendation of “Hold” from Brokerages

Shares of PBF Energy Inc. (NYSE:PBFGet Free Report) have earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $57.27.

A number of equities analysts recently issued reports on PBF shares. Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $74.00 in a research note on Friday, March 15th. Scotiabank raised their target price on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their target price on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st.

Get Our Latest Report on PBF

PBF Energy Stock Up 3.9 %

PBF Energy stock opened at $46.33 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 3.21 and a beta of 1.73. PBF Energy has a 1-year low of $35.46 and a 1-year high of $62.88. The business has a fifty day moving average price of $54.02 and a 200-day moving average price of $49.33.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. The firm had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. Equities research analysts forecast that PBF Energy will post 7.35 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, May 15th. PBF Energy’s dividend payout ratio is currently 6.92%.

Insider Transactions at PBF Energy

In other news, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at $8,829,813.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul T. Davis sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the transaction, the senior vice president now owns 110,978 shares in the company, valued at $6,255,829.86. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $10,074,600 in the last ninety days. Insiders own 5.30% of the company’s stock.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares during the period. Rise Advisors LLC purchased a new stake in PBF Energy in the first quarter valued at approximately $27,000. Creekmur Asset Management LLC purchased a new stake in PBF Energy in the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in PBF Energy in the fourth quarter valued at approximately $44,000. Finally, Fifth Third Bancorp raised its position in PBF Energy by 30.4% in the first quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About PBF Energy

(Get Free Report

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.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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