Investors sold shares of PBF Energy Inc (NYSE:PBF) on strength during trading hours on Tuesday. $5.80 million flowed into the stock on the tick-up and $23.84 million flowed out of the stock on the tick-down, for a money net flow of $18.04 million out of the stock. Of all equities tracked, PBF Energy had the 32nd highest net out-flow for the day. PBF Energy traded up $0.06 for the day and closed at $30.63
A number of brokerages have weighed in on PBF. Scotiabank restated a “buy” rating and issued a $41.00 price objective on shares of PBF Energy in a report on Wednesday, January 10th. Barclays restated a “buy” rating and issued a $44.00 price objective on shares of PBF Energy in a report on Friday, February 16th. Citigroup upped their price objective on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $35.00 price objective on shares of PBF Energy in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.40.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.57. The stock has a market capitalization of $3,529.33, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.93 and a beta of 1.24.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, February 27th. PBF Energy’s payout ratio is 32.52%.
Several large investors have recently bought and sold shares of PBF. BlackRock Inc. boosted its holdings in PBF Energy by 3.0% in the fourth quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock worth $329,471,000 after purchasing an additional 268,354 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in PBF Energy by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 2,018,212 shares of the oil and gas company’s stock worth $55,722,000 after purchasing an additional 50,806 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in PBF Energy by 4.6% in the third quarter. Russell Investments Group Ltd. now owns 1,586,499 shares of the oil and gas company’s stock worth $43,801,000 after purchasing an additional 70,456 shares during the last quarter. Millennium Management LLC purchased a new stake in PBF Energy in the fourth quarter worth approximately $55,967,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in PBF Energy by 39.4% in the third quarter. Deprince Race & Zollo Inc. now owns 1,209,580 shares of the oil and gas company’s stock worth $33,397,000 after purchasing an additional 341,675 shares during the last quarter.
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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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