PBF Energy Inc. (NYSE:PBF) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Monday.

Several other analysts have also issued reports on the stock. Tudor Pickering upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 1st. Goldman Sachs Group Inc. lowered shares of PBF Energy from a “neutral” rating to a “sell” rating and cut their price target for the company from $23.00 to $19.00 in a research report on Thursday, September 8th. Barclays PLC lowered shares of PBF Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $26.00 to $19.00 in a research report on Monday, October 10th. Howard Weil lowered shares of PBF Energy from a “focus stock” rating to a “sector outperform” rating and cut their price target for the company from $29.00 to $24.00 in a research report on Wednesday, October 19th. Finally, Credit Suisse Group AG lowered shares of PBF Energy from an “outperform” rating to a “neutral” rating and cut their price target for the company from $28.00 to $22.00 in a research report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.08.

Analyst Recommendations for PBF Energy (NYSE:PBF)

Shares of PBF Energy (NYSE:PBF) opened at 26.44 on Monday. The firm’s market capitalization is $2.59 billion. The stock has a 50 day moving average price of $22.00 and a 200 day moving average price of $23.93. PBF Energy has a 52 week low of $19.47 and a 52 week high of $41.75.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Friday, October 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.60. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 0.11%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The business’s quarterly revenue was up 40.3% on a year-over-year basis. Analysts forecast that PBF Energy will post ($0.83) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th will be paid a dividend of $0.30 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.54%. PBF Energy’s dividend payout ratio (DPR) is currently -2,400.00%.

In other PBF Energy news, CEO Thomas J. Nimbley bought 50,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $21.84 per share, with a total value of $1,092,000.00. Following the completion of the purchase, the chief executive officer now owns 160,000 shares of the company’s stock, valued at $3,494,400. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Connor Thomas L. O bought 10,000 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were acquired at an average cost of $21.73 per share, with a total value of $217,300.00. Following the purchase, the insider now directly owns 50,000 shares of the company’s stock, valued at approximately $1,086,500. The disclosure for this purchase can be found here. Company insiders own 5.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its position in shares of PBF Energy by 49.3% in the second quarter. GSA Capital Partners LLP now owns 137,900 shares of the company’s stock worth $3,279,000 after buying an additional 45,565 shares in the last quarter. IBM Retirement Fund increased its position in shares of PBF Energy by 1.8% in the second quarter. IBM Retirement Fund now owns 9,875 shares of the company’s stock worth $235,000 after buying an additional 178 shares in the last quarter. BLB&B Advisors LLC increased its position in shares of PBF Energy by 5.4% in the second quarter. BLB&B Advisors LLC now owns 11,218 shares of the company’s stock worth $267,000 after buying an additional 579 shares in the last quarter. Sentinel Trust Co. LBA acquired a new position in shares of PBF Energy during the second quarter worth $1,498,000. Finally, Breton Hill Capital Ltd. increased its position in shares of PBF Energy by 5.1% in the second quarter. Breton Hill Capital Ltd. now owns 31,941 shares of the company’s stock worth $760,000 after buying an additional 1,537 shares in the last quarter.

PBF Energy Company Profile

PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.

5 Day Chart for NYSE:PBF

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