PBF Energy (NYSE:PBF) Given New $22.00 Price Target at Mizuho

PBF Energy (NYSE:PBF - Free Report) had its target price trimmed by Mizuho from $28.00 to $22.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an underperform rating on the oil and gas company's stock.

Several other equities research analysts also recently weighed in on PBF. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company reduced their price objective on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. TD Cowen dropped their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley reduced their price target on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Finally, UBS Group dropped their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, PBF Energy currently has a consensus rating of "Hold" and an average price target of $25.55.

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PBF Energy Trading Up 1.5 %

NYSE PBF traded up $0.28 during trading hours on Tuesday, hitting $19.54. 2,243,024 shares of the company were exchanged, compared to its average volume of 2,215,378. PBF Energy has a 52 week low of $18.20 and a 52 week high of $62.88. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $23.61 and a 200 day moving average price of $27.95. The stock has a market cap of $2.25 billion, a PE ratio of -4.15 and a beta of 1.62.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share 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 for the quarter, compared to the consensus estimate of $7.25 billion. Analysts forecast that PBF Energy will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

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

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital acquired 155,000 shares of PBF Energy stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the purchase, the insider now directly owns 30,249,998 shares of the company's stock, valued at approximately $611,049,959.60. This represents a 0.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 671,000 shares of company stock valued at $17,862,200 over the last three months. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.