PBF Energy Inc (NYSE:PBF) has received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $49.00.
A number of research firms recently issued reports on PBF. ValuEngine cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. TheStreet cut shares of PBF Energy from a “b” rating to a “c+” rating in a research note on Friday, February 15th. Credit Suisse Group raised shares of PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Wednesday. Raymond James dropped their price target on shares of PBF Energy from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. Finally, Bank of America raised shares of PBF Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, April 29th.
In other PBF Energy news, CEO Thomas J. Nimbley bought 25,000 shares of the stock in a transaction on Monday, March 11th. The shares were bought at an average price of $30.03 per share, with a total value of $750,750.00. Following the purchase, the chief executive officer now directly owns 365,990 shares in the company, valued at approximately $10,990,679.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.
PBF Energy stock traded down $0.69 during trading on Friday, reaching $30.67. The company had a trading volume of 1,426,100 shares, compared to its average volume of 1,775,808. PBF Energy has a 1-year low of $28.01 and a 1-year high of $53.91. The stock has a market capitalization of $3.76 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.54 and a current ratio of 1.53.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.23). PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the business posted ($0.29) EPS. PBF Energy’s revenue was down 10.1% compared to the same quarter last year. Sell-side analysts predict that PBF Energy will post 1.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 3.91%. PBF Energy’s dividend payout ratio (DPR) is presently 36.81%.
About PBF Energy
PBF Energy Inc, together with 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.
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