PBF Energy (NYSE:PBF) Stock Price Down 3.4% - What's Next?

PBF Energy Inc. (NYSE:PBF - Get Free Report)'s stock price traded down 3.4% during trading on Tuesday . The stock traded as low as $14.79 and last traded at $14.59. 290,989 shares traded hands during trading, a decline of 88% from the average session volume of 2,339,870 shares. The stock had previously closed at $15.10.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Mizuho decreased their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. TD Cowen cut their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, March 11th. Finally, Morgan Stanley dropped their price objective 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. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $24.18.

PBF Energy Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The stock's fifty day simple moving average is $19.65 and its 200-day simple moving average is $26.39. The stock has a market cap of $1.75 billion, a P/E ratio of -3.22 and a beta of 1.15.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 7.25%. PBF Energy's dividend payout ratio is currently -23.35%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 15,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $209,700.00. Following the transaction, the insider now directly owns 30,757,998 shares in the company, valued at $429,996,812.04. The trade was a 0.05 % 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 hyperlink. Insiders have bought a total of 727,000 shares of company stock worth $17,562,580 in the last ninety days. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PBF Energy by 150.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after buying an additional 1,272,254 shares during the period. American Century Companies Inc. grew its stake in shares of PBF Energy by 11.2% in the 4th quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock worth $49,532,000 after purchasing an additional 187,351 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of PBF Energy by 12.6% in the 4th quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock worth $43,690,000 after purchasing an additional 184,194 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock valued at $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after buying an additional 562,287 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.