PBF Energy (NYSE:PBF)’s share price reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $46.05 and last traded at $45.94, with a volume of 114428 shares changing hands. The stock had previously closed at $45.42.
Several equities analysts recently issued reports on PBF shares. Citigroup cut PBF Energy from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday, April 18th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on PBF Energy in a report on Monday, April 9th. They set a “neutral” rating and a $37.00 target price on the stock. Howard Weil cut PBF Energy from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, April 11th. Scotiabank restated a “sector perform” rating on shares of PBF Energy in a report on Thursday, April 12th. Finally, Cowen cut PBF Energy from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $30.00 to $31.00 in a report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.10.
The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.05 billion, a PE ratio of 40.34, a PEG ratio of 1.40 and a beta of 1.18.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, May 3rd. The oil and gas company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.10). PBF Energy had a net margin of 2.09% and a return on equity of 4.39%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the firm earned ($0.20) EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. equities analysts forecast that PBF Energy will post 3.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 105.26%.
Several large investors have recently added to or reduced their stakes in PBF. Nisa Investment Advisors LLC lifted its holdings in shares of PBF Energy by 13.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 35,390 shares of the oil and gas company’s stock valued at $1,255,000 after purchasing an additional 4,100 shares in the last quarter. Bank of Montreal Can increased its position in shares of PBF Energy by 75.2% during the 4th quarter. Bank of Montreal Can now owns 94,634 shares of the oil and gas company’s stock worth $3,355,000 after purchasing an additional 40,610 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of PBF Energy by 2.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 488,019 shares of the oil and gas company’s stock worth $17,301,000 after purchasing an additional 11,027 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $230,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
About PBF Energy
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.
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