PBF Energy (NYSE:PBF) Reaches New 12-Month Low - Time to Sell?

PBF Energy Inc. (NYSE:PBF - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $27.92 and last traded at $27.92, with a volume of 411914 shares traded. The stock had previously closed at $29.26.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. BMO Capital Markets cut shares of PBF Energy from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $42.00 to $35.00 in a report on Friday, October 4th. The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Mizuho cut shares of PBF Energy from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $33.00 to $31.00 in a research note on Monday. Finally, StockNews.com cut shares of PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, PBF Energy currently has a consensus rating of "Hold" and a consensus target price of $33.09.

PBF Energy Price Performance

The stock has a market cap of $3.20 billion, a PE ratio of -10.81 and a beta of 1.57. The company has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $35.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm's quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $6.61 EPS. Sell-side analysts anticipate that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.275 per share. This is an increase from PBF Energy's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Wednesday, November 13th. PBF Energy's dividend payout ratio is presently -42.47%.

Insider Activity

In other news, insider Control Empresarial De Capital bought 250,000 shares of the stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $31.78 per share, with a total value of $7,945,000.00. Following the purchase, the insider now owns 22,952,398 shares of the company's stock, valued at approximately $729,427,208.44. This represents a 1.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 3,568,100 shares of company stock valued at $111,183,331 over the last three months. Insiders own 5.30% of the company's stock.

Institutional Trading of PBF Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in PBF Energy in the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in shares of PBF Energy during the third quarter worth about $48,000. CWM LLC increased its stake in shares of PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock valued at $50,000 after purchasing an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in PBF Energy in the 3rd quarter worth approximately $59,000. Finally, Blue Trust Inc. boosted its stake in shares of PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 2,027 shares during the last quarter. 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.