PBF Energy (NYSE:PBF) PT Lowered to $42.00 at Mizuho

PBF Energy (NYSE:PBF) had its target price decreased by Mizuho from $48.00 to $42.00 in a research report report published on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Several other equities analysts have also recently weighed in on the stock. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a hold rating to a sell rating in a research note on Monday, September 9th. JPMorgan Chase & Co. decreased their target price on shares of PBF Energy from $58.00 to $53.00 and set an overweight rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company cut their price target on shares of PBF Energy from $52.00 to $51.00 and set an overweight rating on the stock in a research report on Tuesday, September 3rd. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $57.00 to $50.00 and set a neutral rating for the company in a research note on Monday, July 1st. Finally, Piper Sandler lowered their target price on PBF Energy from $54.00 to $47.00 and set a neutral rating on the stock in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, PBF Energy currently has a consensus rating of Hold and a consensus target price of $49.91.

PBF Energy Stock Up 0.5 %

Shares of PBF stock opened at $33.22 on Monday. PBF Energy has a 12-month low of $30.61 and a 12-month high of $62.88. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $36.01 and a 200-day moving average of $45.78. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 2.30 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The firm had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company posted $2.29 EPS. PBF Energy’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities research analysts predict that PBF Energy will post 1.25 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Thursday, August 15th. PBF Energy’s payout ratio is presently 6.92%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital acquired 102,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were purchased at an average cost of $44.91 per share, for a total transaction of $4,580,820.00. Following the completion of the acquisition, the insider now directly owns 17,453,598 shares in the company, valued at $783,841,086.18. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 2,684,300 shares of company stock valued at $93,389,546 in the last quarter. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PBF Energy

Several institutional investors and hedge funds have recently made changes to their positions in PBF. Norges Bank acquired a new stake in shares of PBF Energy during the fourth quarter worth $54,832,000. Janus Henderson Group PLC boosted its holdings in PBF Energy by 957.8% in the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock valued at $34,811,000 after purchasing an additional 547,509 shares during the period. SG Americas Securities LLC grew its position in shares of PBF Energy by 14,785.7% during the 1st quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock worth $31,262,000 after purchasing an additional 539,381 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of PBF Energy by 246.5% during the second quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company’s stock worth $22,881,000 after purchasing an additional 355,329 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of PBF Energy by 32.9% in the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after buying an additional 347,268 shares in the last quarter. Institutional investors and hedge funds 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.