PBF Energy Inc. (NYSE:PBF) Given Consensus Recommendation of "Reduce" by Brokerages

PBF Energy Inc. (NYSE:PBF - Get Free Report) has earned a consensus recommendation of "Reduce" from the fifteen analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.09.

A number of research firms recently commented on PBF. UBS Group dropped their price objective on PBF Energy from $57.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. Piper Sandler cut PBF Energy from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $47.00 to $25.00 in a research note on Friday, September 20th. BMO Capital Markets lowered shares of PBF Energy from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, Mizuho cut their target price on shares of PBF Energy from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 50,000 shares of the business's stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $35.60 per share, for a total transaction of $1,780,000.00. Following the purchase, the insider now owns 18,179,598 shares of the company's stock, valued at approximately $647,193,688.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 4,314,400 shares of company stock worth $140,579,887. 6.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its position in shares of PBF Energy by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company's stock worth $7,863,000 after purchasing an additional 359 shares during the last quarter. US Bancorp DE grew its stake in shares of PBF Energy by 5.3% in the first quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company's stock valued at $452,000 after buying an additional 395 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in PBF Energy by 1.7% during the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company's stock worth $893,000 after buying an additional 485 shares during the last quarter. Highland Capital Management LLC raised its position in PBF Energy by 14.2% during the second quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company's stock worth $202,000 after acquiring an additional 546 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in PBF Energy in the second quarter valued at $26,000. Institutional investors own 96.29% of the company's stock.

PBF Energy Trading Down 0.9 %

Shares of PBF traded down $0.26 on Wednesday, reaching $28.82. 3,927,888 shares of the company's stock were exchanged, compared to its average volume of 2,166,420. The business has a 50 day moving average price of $32.38 and a two-hundred day moving average price of $40.77. PBF Energy has a 12 month low of $28.75 and a 12 month high of $62.88. The stock has a market capitalization of $3.38 billion, a P/E ratio of 4.80 and a beta of 1.55. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF - Get Free Report) last issued 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). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business's revenue was down 4.6% on a year-over-year basis. Research analysts anticipate that PBF Energy will post -2.27 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. PBF Energy's dividend payout ratio (DPR) is 16.64%.

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.