J P Morgan Chase & Co downgraded shares of PBF Energy (NYSE:PBF) from a neutral rating to an underweight rating in a report issued on Tuesday morning, MarketBeat reports.

A number of other research analysts have also weighed in on the company. BidaskClub lowered PBF Energy from a hold rating to a sell rating in a report on Wednesday, August 16th. Cowen reaffirmed a buy rating and set a $30.00 target price on shares of PBF Energy in a report on Thursday, August 17th. Tudor Pickering raised PBF Energy from a sell rating to a hold rating in a report on Friday, September 1st. ValuEngine raised PBF Energy from a sell rating to a hold rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised PBF Energy from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. PBF Energy currently has a consensus rating of Hold and an average target price of $28.00.

PBF Energy (NYSE PBF) opened at $33.08 on Tuesday. PBF Energy has a fifty-two week low of $18.48 and a fifty-two week high of $34.22. The stock has a market cap of $3,614.68, a P/E ratio of 69.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted ($0.16) EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. sell-side analysts forecast that PBF Energy will post 1.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, November 10th. PBF Energy’s payout ratio is presently 57.42%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Shelton Capital Management purchased a new position in shares of PBF Energy during the third quarter worth about $218,000. GSA Capital Partners LLP purchased a new position in shares of PBF Energy during the third quarter worth about $538,000. California Public Employees Retirement System grew its holdings in shares of PBF Energy by 13.0% during the third quarter. California Public Employees Retirement System now owns 247,948 shares of the oil and gas company’s stock worth $6,846,000 after purchasing an additional 28,548 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of PBF Energy by 124.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,076 shares of the oil and gas company’s stock worth $1,189,000 after purchasing an additional 23,906 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its holdings in shares of PBF Energy by 10.8% during the third quarter. Vident Investment Advisory LLC now owns 115,052 shares of the oil and gas company’s stock worth $3,177,000 after purchasing an additional 11,240 shares in the last quarter.

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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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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