PBF Energy Inc. (NYSE:PBF) has been given a $25.00 target price by analysts at Scotiabank in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Scotiabank’s target price points to a potential upside of 4.08% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Tudor Pickering upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. Howard Weil downgraded shares of PBF Energy from a “focus stock” rating to a “sector outperform” rating and reduced their price objective for the stock from $29.00 to $24.00 in a research note on Wednesday, October 19th. Wolfe Research upgraded shares of PBF Energy from a “peer perform” rating to an “outperform” rating in a research note on Monday, November 14th. Finally, Zacks Investment Research upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. PBF Energy has an average rating of “Hold” and a consensus target price of $25.33.
Shares of PBF Energy (NYSE:PBF) traded up 0.37% during trading on Thursday, reaching $24.11. The company had a trading volume of 1,063,284 shares. The firm has a 50 day moving average price of $24.51 and a 200 day moving average price of $23.79. PBF Energy has a 12 month low of $19.47 and a 12 month high of $35.67. The company’s market cap is $2.37 billion.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 16th. The company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.49. PBF Energy had a positive return on equity of 0.11% and a negative net margin of 0.02%. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 41.3% on a year-over-year basis. Analysts predict that PBF Energy will post ($1.16) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 13th. Investors of record on Monday, February 27th will be paid a $0.30 dividend. This is an increase from PBF Energy’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, February 23rd. PBF Energy’s dividend payout ratio (DPR) is -2,400.00%.
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A number of large investors have recently modified their holdings of the stock. Advantage Investment Management LLC bought a new position in PBF Energy during the fourth quarter valued at $4,004,000. Thrivent Financial for Lutherans bought a new position in PBF Energy during the fourth quarter valued at $2,495,000. Ladenburg Thalmann Financial Services Inc. boosted its position in PBF Energy by 21.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,273 shares of the company’s stock valued at $398,000 after buying an additional 2,681 shares in the last quarter. Guggenheim Capital LLC boosted its position in PBF Energy by 92.9% in the fourth quarter. Guggenheim Capital LLC now owns 73,344 shares of the company’s stock valued at $2,045,000 after buying an additional 35,329 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in PBF Energy during the fourth quarter valued at $4,586,000. Institutional investors and hedge funds own 98.70% of the company’s stock.
About PBF Energy
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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