PBF Energy Inc. (NYSE:PBF) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 15,311,398 shares, a decline of 25.9% from the October 13th total of 20,663,459 shares. Based on an average daily trading volume, of 1,640,629 shares, the short-interest ratio is presently 9.3 days. Approximately 15.0% of the shares of the company are short sold.
Several institutional investors have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. raised its holdings in shares of PBF Energy by 1.0% in the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 177 shares during the last quarter. Utah Retirement Systems raised its holdings in PBF Energy by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock worth $447,000 after purchasing an additional 200 shares during the last quarter. M&T Bank Corp raised its holdings in PBF Energy by 2.8% during the 2nd quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 496 shares during the last quarter. US Bancorp DE raised its holdings in PBF Energy by 6.4% during the 2nd quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 570 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in PBF Energy by 1.9% during the 2nd quarter. First Heartland Consultants Inc. now owns 54,452 shares of the oil and gas company’s stock worth $1,212,000 after purchasing an additional 1,000 shares during the last quarter.
A number of equities research analysts have weighed in on the stock. Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of PBF Energy in a research note on Thursday, August 17th. BidaskClub downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Scotiabank set a $24.00 price target on shares of PBF Energy and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Macquarie reiterated a “neutral” rating on shares of PBF Energy in a research note on Monday, October 23rd. Finally, Barclays PLC upgraded shares of PBF Energy from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $39.00 in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.00.
PBF Energy (NYSE PBF) opened at $32.82 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. PBF Energy has a twelve month low of $18.48 and a twelve month high of $33.05. The stock has a market capitalization of $3,630.00, a PE ratio of 70.15, a P/E/G ratio of 2.03 and a beta of 1.41.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. research analysts predict that PBF Energy will post 1.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. PBF Energy’s dividend payout ratio is 60.00%.
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PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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