Brokerages Set PBF Energy Inc. (NYSE:PBF) PT at $26.36

Shares of PBF Energy Inc. (NYSE:PBF - Get Free Report) have earned a consensus recommendation of "Reduce" from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.55.

PBF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Piper Sandler reduced their price objective on PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on shares of PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Mizuho reduced their target price on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a report on Tuesday. Finally, UBS Group lowered their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $29.60 per share, with a total value of $2,960,000.00. Following the completion of the purchase, the insider now owns 29,084,998 shares in the company, valued at $860,915,940.80. The trade was a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 671,000 shares of company stock worth $17,862,200 over the last three months. Corporate insiders own 6.70% of the company's stock.

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Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its stake in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after buying an additional 1,056 shares during the last quarter. Quarry LP bought a new position in PBF Energy in the third quarter valued at about $48,000. Golden State Wealth Management LLC bought a new stake in shares of PBF Energy during the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC increased its stake in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after buying an additional 614 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in PBF Energy in the 4th quarter valued at approximately $68,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Price Performance

NYSE PBF traded up $0.28 during trading on Friday, reaching $19.54. 2,243,024 shares of the company traded hands, compared to its average volume of 2,215,378. PBF Energy has a 1-year low of $18.20 and a 1-year high of $62.88. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -4.15 and a beta of 1.62. The stock's 50 day moving average price is $23.61 and its two-hundred day moving average price is $27.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. As a group, analysts anticipate that PBF Energy will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.63%. PBF Energy's dividend payout ratio is -23.35%.

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.