PBF Energy (NYSE:PBF) Price Target Cut to $26.00 by Analysts at UBS Group

PBF Energy (NYSE:PBF - Free Report) had its price objective trimmed by UBS Group from $29.00 to $26.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the oil and gas company's stock.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen cut shares of PBF Energy from a "hold" rating to a "sell" rating and lowered their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. The Goldman Sachs Group reduced their target price on PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their target price on PBF Energy from $34.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Mizuho lowered shares of PBF Energy from a "neutral" rating to an "underperform" rating and cut their price target for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, StockNews.com lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.55.

PBF Energy Stock Performance

PBF Energy stock traded down $0.70 during trading on Wednesday, hitting $23.13. The stock had a trading volume of 3,056,306 shares, compared to its average volume of 2,340,224. PBF Energy has a 1 year low of $22.03 and a 1 year 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's 50 day moving average is $27.62 and its two-hundred day moving average is $30.73. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -4.91 and a beta of 1.60.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results 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 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. As a group, analysts predict that PBF Energy will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy's dividend payout ratio (DPR) is currently -23.35%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $31.58 per share, with a total value of $12,916,220.00. Following the completion of the transaction, the insider now directly owns 27,368,498 shares of the company's stock, valued at approximately $864,297,166.84. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 1,868,500 shares of company stock valued at $55,348,810 over the last 90 days. Corporate insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after acquiring an additional 392,776 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of PBF Energy during the 3rd quarter worth $2,404,000. Dakota Wealth Management purchased a new position in shares of PBF Energy during the 3rd quarter worth $694,000. Intech Investment Management LLC boosted its stake in shares of PBF Energy by 165.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company's stock worth $1,427,000 after acquiring an additional 28,770 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of PBF Energy by 44.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company's stock worth $1,839,000 after acquiring an additional 18,173 shares during the last quarter. 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.