PBF Energy Inc. (NYSE:PBF) Receives $27.83 Consensus Target Price from Analysts

PBF Energy Inc. (NYSE:PBF) has received an average recommendation of “Strong Sell” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.8333.

Several analysts have weighed in on PBF shares. Weiss Ratings reissued a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup lifted their target price on shares of PBF Energy from $16.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, UBS Group boosted their target price on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd.

PBF Energy Price Performance

Shares of PBF stock opened at $40.20 on Friday. PBF Energy has a 52 week low of $13.61 and a 52 week high of $41.48. The stock has a market capitalization of $4.66 billion, a PE ratio of -8.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. The stock’s fifty day moving average is $31.30 and its 200-day moving average is $25.55.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. PBF Energy’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.50) earnings per share. Equities research analysts expect that PBF Energy will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s payout ratio is -23.66%.

Insiders Place Their Bets

In other PBF Energy news, SVP Trecia M. Canty sold 50,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $36.44, for a total value of $1,822,000.00. Following the completion of the sale, the senior vice president directly owned 200,744 shares in the company, valued at $7,315,111.36. This represents a 19.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $34.00, for a total value of $1,020,000.00. Following the sale, the senior vice president directly owned 207,984 shares in the company, valued at approximately $7,071,456. This represents a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 381,048 shares of company stock worth $13,212,041. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in PBF Energy by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 2,121,727 shares of the oil and gas company’s stock valued at $40,504,000 after purchasing an additional 260,464 shares during the last quarter. M&T Bank Corp acquired a new position in shares of PBF Energy during the 1st quarter worth approximately $300,000. Intech Investment Management LLC raised its stake in shares of PBF Energy by 27.3% during the 1st quarter. Intech Investment Management LLC now owns 119,365 shares of the oil and gas company’s stock worth $2,279,000 after purchasing an additional 25,616 shares in the last quarter. VR Advisory Services Ltd raised its stake in shares of PBF Energy by 241.9% during the 1st quarter. VR Advisory Services Ltd now owns 170,945 shares of the oil and gas company’s stock worth $3,263,000 after purchasing an additional 120,945 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of PBF Energy in the 2nd quarter valued at approximately $448,000. Institutional investors own 96.29% of the company’s stock.

PBF Energy Company Profile

PBF Energy Inc, through 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 from crude oil.