Analysts Set PBF Energy Inc. (NYSE:PBF) PT at $30.21

Shares of PBF Energy Inc. (NYSE:PBF) have been assigned a consensus recommendation of “Reduce” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.2143.

Several research firms have recently issued reports on PBF. UBS Group raised their target price on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $31.00 to $38.00 in a research report on Friday, December 12th. Wolfe Research cut shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a report on Monday, December 8th. Zacks Research lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a research note on Monday, December 29th.

PBF Energy Stock Up 2.1%

NYSE PBF opened at $33.90 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $30.95 and its 200 day moving average is $30.63. PBF Energy has a 12 month low of $13.61 and a 12 month high of $41.47. The stock has a market cap of $3.93 billion, a PE ratio of -23.06, a P/E/G ratio of 3.90 and a beta of 0.50.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.82) EPS. Research analysts predict that PBF Energy will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a yield of 3.2%. PBF Energy’s dividend payout ratio is currently -74.83%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital sold 480,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $35.07, for a total value of $16,833,600.00. Following the completion of the sale, the insider owned 29,583,498 shares of the company’s stock, valued at $1,037,493,274.86. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,385,879 shares of company stock valued at $82,719,180 in the last ninety days. Insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently bought and sold shares of PBF. Smartleaf Asset Management LLC increased its stake in PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. Torren Management LLC acquired a new stake in shares of PBF Energy in the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in PBF Energy in the 4th quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators raised its holdings in PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 440 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 912 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.