PBF Energy (NYSE:PBF) Hits New 12-Month Low at $32.14

PBF Energy Inc. (NYSE:PBF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $32.14 and last traded at $32.19, with a volume of 1059547 shares traded. The stock had previously closed at $33.06.

Analysts Set New Price Targets

PBF has been the subject of several recent analyst reports. Piper Sandler lowered their price target on PBF Energy from $54.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, June 14th. JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $58.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 2nd. Wolfe Research assumed coverage on shares of PBF Energy in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. UBS Group lowered their price objective on PBF Energy from $57.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group reduced their target price on PBF Energy from $57.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, July 1st. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of "Hold" and an average target price of $52.30.

PBF Energy Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. The firm's fifty day moving average is $38.15 and its two-hundred day moving average is $46.73. The company has a market cap of $3.78 billion, a P/E ratio of 2.23 and a beta of 1.57.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The company had revenue of $8.74 billion during the quarter, compared to analysts' expectations of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. PBF Energy's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $2.29 EPS. As a group, analysts anticipate that PBF Energy Inc. will post 1.61 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.10%. PBF Energy's dividend payout ratio (DPR) is currently 6.92%.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital acquired 51,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $46.19 per share, with a total value of $2,355,690.00. Following the purchase, the insider now directly owns 14,875,198 shares of the company's stock, valued at $687,085,395.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 2,674,100 shares of company stock valued at $110,896,317. Insiders own 5.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of PBF Energy during the second quarter valued at $1,176,000. Invst LLC lifted its holdings in PBF Energy by 6.2% during the 2nd quarter. Invst LLC now owns 16,554 shares of the oil and gas company's stock valued at $770,000 after buying an additional 965 shares in the last quarter. Sunbelt Securities Inc. boosted its position in PBF Energy by 11.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 13,540 shares of the oil and gas company's stock valued at $623,000 after buying an additional 1,436 shares during the period. Creative Planning grew its stake in PBF Energy by 7.0% in the 2nd quarter. Creative Planning now owns 17,895 shares of the oil and gas company's stock worth $824,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Ascent Group LLC purchased a new position in shares of PBF Energy during the second quarter worth approximately $204,000. Hedge funds and other 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.