PBF Energy Inc. (NYSE:PBF) Plans $0.28 Quarterly Dividend

PBF Energy Inc. (NYSE:PBF - Get Free Report) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Thursday, February 27th will be paid a dividend of 0.275 per share by the oil and gas company on Friday, March 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, February 27th.

PBF Energy has a dividend payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect PBF Energy to earn ($0.69) per share next year, which means the company may not be able to cover its $1.10 annual dividend with an expected future payout ratio of -159.4%.

PBF Energy Trading Up 0.1 %

Shares of PBF Energy stock traded up $0.03 on Monday, reaching $23.24. The company had a trading volume of 3,107,443 shares, compared to its average volume of 2,074,934. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -8.97 and a beta of 1.60. 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's 50-day moving average price is $28.14 and its two-hundred day moving average price is $31.02. PBF Energy has a 1 year low of $22.03 and a 1 year high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.25 billion. As a group, research analysts predict that PBF Energy will post -3.75 earnings per share for the current fiscal year.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital bought 70,000 shares of the 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 completion of the purchase, the insider now directly owns 28,884,998 shares of the company's stock, valued at $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,968,500 shares of company stock valued at $58,476,810 in the last ninety days. Corporate insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PBF. Mizuho cut PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. Wells Fargo & Company dropped their price objective on PBF Energy from $34.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday. StockNews.com cut PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. The Goldman Sachs Group lowered their target price on PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered their target price on PBF Energy from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, PBF Energy presently has a consensus rating of "Hold" and an average target price of $31.18.

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.