PBF Energy (NYSE:PBF) Price Target Cut to $25.00 by Analysts at Wells Fargo & Company

PBF Energy (NYSE:PBF - Free Report) had its price target reduced by Wells Fargo & Company from $34.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the oil and gas company's stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their target price on PBF Energy from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Mizuho lowered PBF Energy from a "neutral" rating to an "underperform" rating and cut their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. TD Cowen lowered PBF Energy from a "hold" rating to a "sell" rating and cut their target price for the company from $27.00 to $20.00 in a research note on Friday, December 20th. StockNews.com lowered PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price objective on PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $31.18.

PBF Energy Stock Up 1.8 %

Shares of NYSE PBF traded up $0.42 during trading hours on Friday, hitting $23.62. The stock had a trading volume of 534,509 shares, compared to its average volume of 2,203,643. The company has a market capitalization of $2.72 billion, a P/E ratio of -9.12 and a beta of 1.60. The firm's 50-day moving average price is $27.99 and its two-hundred day moving average price is $30.91. PBF Energy has a 52 week low of $22.03 and a 52 week high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly 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 2.84% and a negative net margin of 0.84%. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. Analysts anticipate that PBF Energy will post -3.75 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.66%. The ex-dividend date is Thursday, February 27th. PBF Energy's dividend payout ratio is -42.47%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital bought 57,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the purchase, the insider now owns 26,739,498 shares of the company's stock, valued at $847,642,086.60. This represents a 0.21 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have purchased 1,868,500 shares of company stock valued at $55,348,810. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC raised its position in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 1,056 shares during the period. Quarry LP bought a new position in PBF Energy in the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. bought a new position in PBF Energy in the third quarter valued at approximately $59,000. Golden State Wealth Management LLC bought a new position in PBF Energy in the fourth quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC grew its stake in PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds 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.