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

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

Analysts Set New Price Targets

A number of analysts have weighed in on PBF shares. Mizuho cut 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 note on Monday, December 16th. TD Cowen downgraded shares of PBF Energy from a "hold" rating to a "sell" rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company cut their target price on PBF Energy from $34.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, UBS Group dropped their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Seven investment 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $29.55.

PBF Energy Trading Up 1.9 %

The business has a 50 day moving average of $26.73 and a 200-day moving average of $29.75. The stock has a market cap of $2.36 billion, a PE ratio of -4.34 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

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

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.38%. PBF Energy's payout ratio is currently -23.35%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 155,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the acquisition, the insider now directly owns 30,249,998 shares in the company, valued at $611,049,959.60. This trade represents a 0.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have purchased 1,062,500 shares of company stock valued at $28,442,290. Insiders own 5.30% of the company's stock.

Institutional Trading of PBF Energy

A number of institutional investors have recently added to or reduced their stakes in PBF. Van ECK Associates Corp boosted its position in shares of PBF Energy by 2,119.6% in the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after buying an additional 392,776 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of PBF Energy during the third quarter valued at about $2,404,000. Intech Investment Management LLC lifted its stake in shares of PBF Energy by 165.9% in the third 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 in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in PBF Energy by 44.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company's stock valued at $1,839,000 after purchasing an additional 18,173 shares during the last quarter. Finally, Bridgewater Associates LP grew its stake in PBF Energy by 40.5% during the 3rd quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company's stock valued at $2,896,000 after purchasing an additional 26,952 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.