Analysts Set PBF Energy Inc. (NYSE:PBF) PT at $24.18

PBF Energy Inc. (NYSE:PBF - Get Free Report) has received a consensus rating of "Reduce" from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.45.

PBF has been the subject of several analyst reports. Piper Sandler lowered their target price on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. UBS Group decreased their price objective on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Scotiabank decreased their price objective on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital acquired 46,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $29.70 per share, with a total value of $1,366,200.00. Following the transaction, the insider now directly owns 29,190,998 shares in the company, valued at approximately $866,972,640.60. This represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 627,000 shares of company stock valued at $14,602,580 in the last 90 days. Insiders own 5.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PBF. Xponance Inc. grew its position in PBF Energy by 2.6% during the 4th quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company's stock worth $375,000 after purchasing an additional 364 shares during the last quarter. Yousif Capital Management LLC lifted its stake in PBF Energy by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company's stock valued at $1,084,000 after acquiring an additional 459 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in PBF Energy by 0.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 72,672 shares of the oil and gas company's stock valued at $1,931,000 after acquiring an additional 480 shares during the period. Spire Wealth Management lifted its stake in PBF Energy by 28.2% during the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 585 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after acquiring an additional 614 shares during the period. Hedge funds and other institutional investors own 96.29% of the company's stock.

PBF Energy Trading Up 4.8 %

Shares of PBF Energy stock traded up $0.79 during trading on Wednesday, hitting $17.09. The stock had a trading volume of 2,907,743 shares, compared to its average volume of 2,404,746. The firm's fifty day simple moving average is $18.69 and its 200-day simple moving average is $25.60. The stock has a market cap of $1.97 billion, a PE ratio of -3.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy has a 12 month low of $13.62 and a 12 month high of $58.17.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. As a group, sell-side analysts expect that PBF Energy will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date was Thursday, February 27th. PBF Energy's payout ratio is currently -23.35%.

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.