PBF Energy Inc. (NYSE:PBF) Given Consensus Rating of “Reduce” by Analysts

PBF Energy Inc. (NYSE:PBF) has earned an average recommendation of “Reduce” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.00.

A number of brokerages have weighed in on PBF. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their price target for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Finally, Bank of America started coverage on PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital bought 57,000 shares of PBF Energy stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost 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 approximately $847,642,086.60. This represents a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders bought 1,968,500 shares of company stock valued at $58,476,810. Insiders own 5.30% of the company’s stock.

Institutional Trading of PBF Energy

Several large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its holdings in PBF Energy by 968.8% in the 4th 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 in the last quarter. Quarry LP bought a new position in PBF Energy in the third quarter worth about $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy in the third quarter worth about $59,000. Golden State Wealth Management LLC bought a new stake in PBF Energy during the 4th quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 614 shares during the period. Institutional investors own 96.29% of the company’s stock.

PBF Energy Stock Down 12.3 %

PBF opened at $23.33 on Friday. PBF Energy has a 12 month low of $22.03 and a 12 month high of $62.88. The company has a market cap of $2.69 billion, a PE ratio of -9.01 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $28.43 and a 200 day moving average of $31.32.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts expect that PBF Energy will post -3.75 EPS for the current year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.72%. PBF Energy’s payout ratio is -42.47%.

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.