PBF Energy Inc. (NYSE:PBF) Receives $57.55 Consensus Price Target from Analysts

Shares of PBF Energy Inc. (NYSE:PBF) have been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $57.55.

Several equities analysts have recently weighed in on PBF shares. Mizuho cut shares of PBF Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. TD Cowen increased their price objective on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Piper Sandler increased their price objective on shares of PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Scotiabank increased their price objective on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Monday, December 18th.

PBF Energy Price Performance

PBF opened at $58.60 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The stock has a market capitalization of $7.01 billion, a P/E ratio of 3.56 and a beta of 1.73. The company’s 50-day simple moving average is $53.50 and its two-hundred day simple moving average is $48.20. PBF Energy has a 52-week low of $31.25 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the prior year, the company posted $4.41 EPS. PBF Energy’s revenue was down 15.7% on a year-over-year basis. As a group, analysts predict that PBF Energy will post 6.1 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s dividend payout ratio (DPR) is currently 6.08%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital acquired 12,200 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was acquired at an average cost of $43.86 per share, with a total value of $535,092.00. Following the acquisition, the insider now directly owns 14,345,198 shares in the company, valued at approximately $629,180,384.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Paul T. Davis sold 100,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the transaction, the senior vice president now directly owns 110,978 shares of the company’s stock, valued at $6,255,829.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Control Empresarial De Capital bought 12,200 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average cost of $43.86 per share, with a total value of $535,092.00. Following the completion of the acquisition, the insider now owns 14,345,198 shares of the company’s stock, valued at approximately $629,180,384.28. The disclosure for this purchase can be found here. Insiders sold a total of 180,000 shares of company stock valued at $10,074,600 in the last three months. 6.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PBF. GAMMA Investing LLC grew its holdings in shares of PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of PBF Energy in the first quarter valued at $27,000. Creekmur Asset Management LLC purchased a new position in PBF Energy during the fourth quarter worth $29,000. Fifth Third Bancorp boosted its stake in PBF Energy by 39.8% during the third quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock worth $43,000 after buying an additional 230 shares during the period. Finally, Fortitude Family Office LLC purchased a new position in PBF Energy during the fourth quarter worth $44,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.