PBF Energy (NYSE:PBF) Stock Price Down 4.9% - Should You Sell?

Shares of PBF Energy Inc. (NYSE:PBF - Get Free Report) were down 4.9% on Friday . The company traded as low as $20.78 and last traded at $20.82. Approximately 1,619,192 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 2,079,949 shares. The stock had previously closed at $21.89.

Analysts Set New Price Targets

PBF has been the topic of a number of recent research reports. Piper Sandler decreased their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, March 7th. UBS Group decreased their target price on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group dropped their price target on PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Mizuho downgraded PBF Energy from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, TD Cowen lowered their price objective on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, PBF Energy has an average rating of "Hold" and an average target price of $27.36.

PBF Energy Stock Performance

The firm has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $28.64. 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 firm has a market capitalization of $2.27 billion, a P/E ratio of -4.17 and a beta of 1.62.

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PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. On average, analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.60%. PBF Energy's dividend payout ratio (DPR) is currently -23.35%.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital bought 100,000 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00. Following the acquisition, the insider now directly owns 28,984,998 shares in the company, valued at approximately $829,550,642.76. The trade was a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 721,000 shares of company stock worth $19,269,600 in the last ninety days. 5.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On PBF Energy

Several hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its stake in 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 worth $56,191,000 after buying an additional 1,272,254 shares in the last quarter. American Century Companies Inc. increased its holdings 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 valued at $49,532,000 after acquiring an additional 187,351 shares during the period. Two Sigma Investments LP raised its position 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 acquiring an additional 184,194 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of PBF Energy by 391.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company's stock worth $47,663,000 after acquiring an additional 1,226,909 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of PBF Energy by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after purchasing an additional 78,045 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.