PBF Energy Inc. (NYSE:PBF) Receives $55.82 Consensus Price Target from Analysts

PBF Energy Inc. (NYSE:PBF) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $55.82.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. TD Cowen cut their target price on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Scotiabank raised their target price on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler cut their target price on PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Finally, Mizuho cut their target price on PBF Energy from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $45.65 per share, for a total transaction of $342,375.00. Following the completion of the purchase, the insider now directly owns 14,882,698 shares in the company, valued at $679,395,163.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 1,951,100 shares of company stock worth $86,602,417 over the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise raised its position in PBF Energy by 10.4% in the first quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after acquiring an additional 172 shares in the last quarter. Fifth Third Bancorp raised its position in PBF Energy by 30.4% in the first quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 222 shares in the last quarter. GAMMA Investing LLC raised its position in PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 224 shares in the last quarter. Center For Asset Management LLC raised its position in PBF Energy by 3.9% in the first quarter. Center For Asset Management LLC now owns 6,127 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 228 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in PBF Energy by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,598 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 295 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Stock Performance

PBF Energy stock opened at $46.02 on Thursday. The company has a market cap of $5.46 billion, a PE ratio of 3.18 and a beta of 1.63. The company has a fifty day moving average price of $48.65 and a two-hundred day moving average price of $49.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78. PBF Energy has a 12 month low of $39.18 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.29 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. Research analysts expect that PBF Energy will post 5.26 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 15th. PBF Energy’s dividend payout ratio is currently 6.92%.

About PBF Energy

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.