PBF Energy (NYSE:PBF) Given New $26.00 Price Target at Mizuho

PBF Energy (NYSE:PBF) had its price objective boosted by Mizuho from $23.00 to $26.00 in a report published on Monday,Benzinga reports. The firm currently has an underperform rating on the oil and gas company’s stock.

Several other research firms also recently issued reports on PBF. Piper Sandler upped their price objective on PBF Energy from $22.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Morgan Stanley upped their price objective on PBF Energy from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Bank of America upped their price objective on PBF Energy from $16.00 to $21.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. Wells Fargo & Company upped their target price on shares of PBF Energy from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Citigroup upped their target price on shares of PBF Energy from $16.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $25.54.

PBF Energy Stock Up 1.6%

NYSE PBF opened at $27.90 on Monday. The firm has a market cap of $3.23 billion, a PE ratio of -3.25 and a beta of 0.97. PBF Energy has a one year low of $13.61 and a one year high of $34.31. The stock’s 50 day simple moving average is $25.25 and its 200 day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.55.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) EPS for the quarter, topping analysts’ consensus estimates of ($1.19) by $0.16. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $6.65 billion. PBF Energy had a negative return on equity of 17.46% and a negative net margin of 3.24%.PBF Energy’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.54) EPS. As a group, sell-side analysts forecast that PBF Energy will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $0.275 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.9%. PBF Energy’s dividend payout ratio is currently -12.81%.

Institutional Trading of PBF Energy

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of PBF Energy by 25.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 522 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of PBF Energy by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,220 shares of the oil and gas company’s stock valued at $286,000 after buying an additional 527 shares in the last quarter. Bank of Montreal Can increased its position in shares of PBF Energy by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 11,734 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 629 shares in the last quarter. Signaturefd LLC increased its position in shares of PBF Energy by 8.1% in the 2nd quarter. Signaturefd LLC now owns 8,872 shares of the oil and gas company’s stock valued at $192,000 after buying an additional 664 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of PBF Energy by 9.5% in the 4th quarter. Vident Advisory LLC now owns 8,022 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 698 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

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.