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

PBF Energy Inc. (NYSE:PBF) has received a consensus rating of “Reduce” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

PBF has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley reduced their price target on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, StockNews.com cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th.

PBF Energy Stock Performance

NYSE PBF opened at $28.02 on Monday. The company’s fifty day moving average is $29.12 and its two-hundred day moving average is $33.22. PBF Energy has a 52-week low of $24.21 and a 52-week high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -10.82 and a beta of 1.61.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. PBF Energy’s revenue was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.61 EPS. Equities research analysts forecast that PBF Energy will post -2.87 EPS for the current year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.93%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 70,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $1,789,200.00. Following the purchase, the insider now directly owns 28,884,998 shares of the company’s stock, valued at approximately $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 3,369,600 shares of company stock valued at $102,820,721 in the last three months. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock valued at $47,663,000 after buying an additional 1,226,909 shares during the period. American Century Companies Inc. increased its position in PBF Energy by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock valued at $45,712,000 after buying an additional 32,862 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in PBF Energy by 132.6% in the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after buying an additional 492,053 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of PBF Energy by 27.5% during the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock valued at $26,267,000 after purchasing an additional 183,183 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of PBF Energy by 14.8% during the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after purchasing an additional 84,532 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

About PBF Energy

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.