PBF Energy Inc (NYSE:PBF) announced a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the oil and gas company on Tuesday, November 26th. The ex-dividend date is Wednesday, November 13th. This is an increase from PBF Energy’s previous dividend of $0.29.
PBF traded down $0.06 on Monday, hitting $32.75. 33,419 shares of the company’s stock were exchanged, compared to its average volume of 1,940,764. PBF Energy has a fifty-two week low of $21.09 and a fifty-two week high of $40.96. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $28.95 and a 200-day moving average price of $27.63. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 6.29 and a beta of 1.65.
PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. PBF Energy had a negative net margin of 0.36% and a positive return on equity of 4.77%. The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.29 billion. During the same quarter in the previous year, the company posted $1.13 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities analysts predict that PBF Energy will post 0.77 EPS for the current year.
In other PBF Energy news, insider Carso S.A. De C.V. Inversora purchased 350,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $23.01 per share, with a total value of $8,053,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 1,114,653 shares of company stock worth $26,184,844. Corporate insiders own 3.50% of the company’s stock.
Several research analysts have recently commented on PBF shares. ValuEngine lowered PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Goldman Sachs Group raised PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a research note on Monday, August 5th. Cowen raised PBF Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $42.00 in a research note on Monday, October 21st. Wells Fargo & Co increased their price objective on PBF Energy from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada set a $32.00 price objective on PBF Energy and gave the company a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.67.
About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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