PBF Energy Inc. (NYSE:PBF) has received a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.67.

Several research firms recently issued reports on PBF. Wolfe Research upgraded shares of PBF Energy from a “peer perform” rating to an “outperform” rating in a report on Monday, November 14th. Tudor Pickering upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 1st. Zacks Investment Research upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 22nd. Scotiabank lowered shares of PBF Energy from a “focus stock” rating to an “outperform” rating and dropped their target price for the company from $29.00 to $24.00 in a report on Friday, October 21st. Finally, Howard Weil lowered shares of PBF Energy from a “focus stock” rating to a “sector outperform” rating and dropped their target price for the company from $29.00 to $24.00 in a report on Wednesday, October 19th.

PBF Energy (NYSE:PBF) opened at 26.12 on Monday. The stock’s 50 day moving average is $22.40 and its 200-day moving average is $23.71. The firm’s market capitalization is $2.56 billion. PBF Energy has a 1-year low of $19.47 and a 1-year high of $41.75.

PBF Energy (NYSE:PBF) last released its 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. The firm earned $4.51 billion during the quarter, compared to analyst estimates of $4.23 billion. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 0.11%. PBF Energy’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. Analysts forecast that PBF Energy will post ($0.83) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 4th. This is a boost from PBF Energy’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 4.59%. PBF Energy’s payout ratio is -2,400.00%.

In other news, CEO Thomas J. Nimbley purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were acquired at an average cost of $21.84 per share, for a total transaction of $1,092,000.00. Following the completion of the acquisition, the chief executive officer now owns 160,000 shares in the company, valued at $3,494,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Connor Thomas L. O purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were purchased at an average price of $21.73 per share, for a total transaction of $217,300.00. Following the completion of the acquisition, the insider now owns 50,000 shares of the company’s stock, valued at approximately $1,086,500. The disclosure for this purchase can be found here. Corporate insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBF. JPMorgan Chase & Co. boosted its position in PBF Energy by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 10,936,975 shares of the company’s stock valued at $247,613,000 after buying an additional 2,626,728 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in PBF Energy by 9.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,882,948 shares of the company’s stock worth $163,676,000 after buying an additional 583,670 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PBF Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,215,984 shares of the company’s stock worth $124,035,000 after buying an additional 219,973 shares during the last quarter. Snow Capital Management LP boosted its position in PBF Energy by 21.3% in the third quarter. Snow Capital Management LP now owns 3,585,121 shares of the company’s stock worth $81,167,000 after buying an additional 629,957 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in PBF Energy by 63.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,085,580 shares of the company’s stock worth $73,375,000 after buying an additional 1,192,834 shares during the last quarter.

About PBF Energy

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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