PBF Energy Inc (NYSE:PBF) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,320,000 shares, an increase of 17.4% from the September 30th total of 4,530,000 shares. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is presently 2.6 days. Approximately 5.3% of the shares of the stock are short sold.

Several brokerages have issued reports on PBF. Royal Bank of Canada set a $32.00 price target on PBF Energy and gave the stock a “hold” rating in a research note on Friday, November 1st. Goldman Sachs Group raised PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price target for the company in a research note on Monday, August 5th. Cowen raised PBF Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $42.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. set a $30.00 price target on PBF Energy and gave the stock a “sell” rating in a research note on Friday, November 1st. Finally, TheStreet lowered PBF Energy from a “b-” rating to a “c” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.67.

In other news, insider Carso S.A. De C.V. Inversora purchased 52,385 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $21.75 per share, with a total value of $1,139,373.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 1,114,653 shares of company stock valued at $26,184,844. Corporate insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in PBF Energy during the 2nd quarter valued at about $27,000. Machina Capital S.A.S. purchased a new position in PBF Energy during the 2nd quarter valued at about $36,000. Coastal Investment Advisors Inc. increased its holdings in PBF Energy by 517.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,235 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 1,035 shares during the period. Northwest Investment Counselors LLC purchased a new position in PBF Energy during the 3rd quarter valued at about $52,000. Finally, NewSquare Capital LLC purchased a new position in PBF Energy during the 2nd quarter valued at about $90,000. 83.28% of the stock is owned by institutional investors.

Shares of NYSE PBF traded up $0.32 during midday trading on Tuesday, reaching $33.01. The company had a trading volume of 1,334,329 shares, compared to its average volume of 1,934,658. PBF Energy has a one year low of $21.09 and a one year high of $40.28. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $29.45 and its 200-day moving average price is $27.62. The stock has a market cap of $3.92 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 6.18 and a beta of 1.65.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. PBF Energy had a positive return on equity of 4.77% and a negative net margin of 0.36%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.29 billion. During the same quarter in the previous year, the company posted $1.13 EPS. PBF Energy’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, equities research analysts expect that PBF Energy will post 0.77 EPS for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from PBF Energy’s previous dividend of $0.29. PBF Energy’s payout ratio is 36.81%.

PBF Energy Company Profile

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

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