PBF Energy Inc. (NYSE:PBF) has been given an average rating of “Hold” by the seventeen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.25.

PBF has been the topic of several research reports. Piper Jaffray Companies reissued a “hold” rating and set a $20.00 price objective on shares of PBF Energy in a report on Friday, July 14th. Credit Suisse Group lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a report on Tuesday, June 20th. Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.98%. During the same period in the previous year, the business earned $0.14 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.55%. The ex-dividend date was Friday, August 11th. PBF Energy’s dividend payout ratio is currently -363.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. grew its holdings in PBF Energy by 1.0% in the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 177 shares during the last quarter. Clinton Group Inc. grew its holdings in PBF Energy by 0.6% in the first quarter. Clinton Group Inc. now owns 29,207 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 181 shares during the last quarter. Utah Retirement Systems grew its holdings in PBF Energy by 1.0% in the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock worth $447,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in PBF Energy by 1.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,704 shares of the oil and gas company’s stock worth $526,000 after purchasing an additional 314 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in PBF Energy by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 26,436 shares of the oil and gas company’s stock worth $586,000 after purchasing an additional 316 shares during the last quarter.

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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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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