PBF Energy (NYSE:PBF) Shares Down 6.5% - Should You Sell?

PBF Energy Inc. (NYSE:PBF - Get Free Report) shares fell 6.5% during mid-day trading on Monday . The stock traded as low as $20.07 and last traded at $20.04. 619,967 shares changed hands during trading, a decline of 74% from the average session volume of 2,401,257 shares. The stock had previously closed at $21.43.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PBF. JPMorgan Chase & Co. reduced their target price on PBF Energy from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group decreased their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. UBS Group decreased their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Mizuho downgraded shares of PBF Energy from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Finally, Piper Sandler lowered their price objective on PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $29.36.

Remove Ads

PBF Energy Stock Up 1.2 %

The company has a market cap of $2.45 billion, a P/E ratio of -4.51 and a beta of 1.60. The company's 50-day moving average is $26.55 and its two-hundred day moving average is $29.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS 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 business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. As a group, equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy's payout ratio is presently -23.35%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital purchased 70,000 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the purchase, the insider now directly owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. This represents a 0.24 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased 1,062,500 shares of company stock worth $28,442,290 over the last three months. 5.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PBF. Phocas Financial Corp. bought a new stake in shares of PBF Energy during the 4th quarter valued at about $254,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PBF Energy in the fourth quarter worth approximately $3,132,000. GF Fund Management CO. LTD. bought a new stake in PBF Energy during the fourth quarter valued at approximately $803,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PBF Energy by 7.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 249,415 shares of the oil and gas company's stock valued at $6,622,000 after buying an additional 17,404 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in PBF Energy in the fourth quarter worth approximately $508,000. 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.