Shares of PBF Energy Inc (NYSE:PBF) have been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.25.
Several research firms have issued reports on PBF. Zacks Investment Research raised PBF Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, November 10th. Barclays raised PBF Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $39.00 in a report on Tuesday, November 14th. Citigroup boosted their price target on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Goldman Sachs Group lowered PBF Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Scotiabank restated a “buy” rating and issued a $40.00 price objective on shares of PBF Energy in a research report on Thursday, December 21st.
Shares of PBF Energy (NYSE PBF) traded down $0.03 on Friday, hitting $31.89. The company had a trading volume of 2,098,799 shares, compared to its average volume of 1,989,879. The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.75. PBF Energy has a one year low of $18.48 and a one year high of $37.01. The company has a market capitalization of $3,532.65, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.93 and a beta of 1.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a $0.30 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.76%. PBF Energy’s payout ratio is 32.52%.
Several large investors have recently bought and sold shares of PBF. Ffcm LLC lifted its position in shares of PBF Energy by 421.1% in the fourth quarter. Ffcm LLC now owns 4,758 shares of the oil and gas company’s stock worth $172,000 after buying an additional 3,845 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of PBF Energy in the fourth quarter worth about $207,000. Ingalls & Snyder LLC purchased a new stake in shares of PBF Energy in the fourth quarter worth about $209,000. CIBC World Markets Inc. purchased a new stake in shares of PBF Energy in the fourth quarter worth about $213,000. Finally, Shelton Capital Management purchased a new stake in shares of PBF Energy in the third quarter worth about $218,000.
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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