PBF Energy Inc. (PBF) Given Average Recommendation of “Hold” by Brokerages
Shares of PBF Energy Inc. (NYSE:PBF) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.50.
PBF has been the topic of a number of recent research reports. Zacks Investment Research upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Saturday. Scotiabank set a $24.00 target price on PBF Energy and gave the stock a “buy” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 target price on shares of PBF Energy in a report on Friday, July 14th. BidaskClub cut PBF Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, Barclays PLC reiterated an “underweight” rating and issued a $26.00 target price (up from $24.00) on shares of PBF Energy in a report on Tuesday, October 10th.
PBF Energy (PBF) traded up $0.10 during trading on Friday, hitting $30.83. The company’s stock had a trading volume of 3,352,060 shares, compared to its average volume of 1,802,198. The stock has a market capitalization of $3,382.54, a P/E ratio of 65.60, a PEG ratio of 2.45 and a beta of 1.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.42 and a current ratio of 1.32.
PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. PBF Energy had a return on equity of 2.39% and a net margin of 1.14%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) EPS. sell-side analysts anticipate that PBF Energy will post 1.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, November 10th. PBF Energy’s payout ratio is currently 57.42%.
Institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of PBF Energy by 50.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 1,580 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of PBF Energy during the 1st quarter valued at $113,000. Creative Planning increased its position in shares of PBF Energy by 92.7% during the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock valued at $116,000 after purchasing an additional 2,503 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in shares of PBF Energy during the 2nd quarter valued at $119,000. Finally, Huntington National Bank purchased a new stake in shares of PBF Energy during the 2nd quarter valued at $126,000.
PBF Energy Company Profile
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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