PBF Energy Inc. (NYSE:PBF) Given Consensus Rating of “Hold” by Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $53.4167.

A number of analysts recently issued reports on the company. UBS Group increased their target price on PBF Energy from $62.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Freedom Capital cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. The Goldman Sachs Group increased their price objective on shares of PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a report on Friday, August 7th.

PBF Energy Stock Up 1.5%

NYSE:PBF opened at $78.25 on Friday. PBF Energy has a 1 year low of $25.62 and a 1 year high of $82.61. The stock has a 50-day moving average price of $66.93 and a two-hundred day moving average price of $50.88. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.09 and a beta of 0.09. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The company had revenue of $11.68 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the firm posted ($1.03) earnings per share. PBF Energy’s revenue was up 56.2% compared to the same quarter last year. As a group, equities analysts expect that PBF Energy will post 15.74 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.4%. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital sold 315,776 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $77.78, for a total transaction of $24,561,057.28. Following the completion of the transaction, the insider directly owned 13,866,127 shares in the company, valued at approximately $1,078,507,358.06. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew C. Lucey sold 142,364 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $73.50, for a total value of $10,463,754.00. Following the transaction, the chief executive officer owned 495,771 shares of the company’s stock, valued at approximately $36,439,168.50. The trade was a 22.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,231,944 shares of company stock worth $388,985,033. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently bought and sold shares of PBF. Parallel Advisors LLC grew its position in PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 242 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in PBF Energy by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock worth $326,000 after buying an additional 260 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PBF Energy by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock worth $375,000 after buying an additional 383 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PBF Energy by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after buying an additional 432 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of PBF Energy by 3.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock valued at $682,000 after acquiring an additional 441 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 and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.