PBF Energy Inc. (PBF) Receives Average Recommendation of “Hold” from Brokerages
Shares of PBF Energy Inc. (NYSE:PBF) have been given an average recommendation of “Hold” by the eighteen analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.29.
Several research firms have commented on PBF. BidaskClub cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Citigroup lowered their target price on shares of PBF Energy from $33.50 to $33.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Cowen reissued a “buy” rating and set a $30.00 target price on shares of PBF Energy in a research note on Thursday, August 17th. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Saturday, October 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price objective on shares of PBF Energy in a research note on Wednesday, October 18th.
PBF Energy (NYSE:PBF) traded up $0.28 during trading on Thursday, reaching $32.87. 2,024,231 shares of the company’s stock traded hands, compared to its average volume of 2,418,583. The firm has a market cap of $3,640.00, a PE ratio of 67.79, a price-to-earnings-growth ratio of 1.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. PBF Energy has a 52-week low of $18.48 and a 52-week high of $33.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. PBF Energy’s dividend payout ratio is currently 60.00%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning grew its stake in shares of PBF Energy by 92.7% in the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 2,503 shares during the last quarter. Flinton Capital Management LLC purchased a new position in shares of PBF Energy in the second quarter worth approximately $119,000. Huntington National Bank purchased a new position in shares of PBF Energy in the second quarter worth approximately $126,000. Sei Investments Co. increased its position in shares of PBF Energy by 391.7% in the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 4,814 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in shares of PBF Energy in the third quarter worth approximately $218,000.
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.
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