PBF Energy Sees Unusually High Options Volume (PBF)
PBF Energy Inc. (NYSE:PBF) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 9,269 call options on the company. This is an increase of approximately 644% compared to the typical daily volume of 1,246 call options.
Shares of PBF Energy (PBF) opened at 23.68 on Friday. The stock’s market cap is $2.60 billion. The stock has a 50 day moving average of $21.92 and a 200-day moving average of $21.93. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.09. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter in the prior year, the firm posted $0.14 EPS. Equities research analysts predict that PBF Energy will post $0.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, August 11th. PBF Energy’s dividend payout ratio (DPR) is -363.64%.
A number of equities analysts have recently commented on the stock. Scotiabank set a $24.00 price target on shares of PBF Energy and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cowen and Company reissued a “buy” rating and issued a $30.00 price target on shares of PBF Energy in a report on Thursday, August 17th. Finally, Citigroup Inc. decreased their price target on shares of PBF Energy from $37.50 to $33.50 and set a “buy” rating on the stock in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AMG National Trust Bank boosted its position in PBF Energy by 15.3% in the first quarter. AMG National Trust Bank now owns 101,358 shares of the oil and gas company’s stock worth $2,247,000 after buying an additional 13,419 shares during the period. Grisanti Capital Management LLC purchased a new position in PBF Energy during the first quarter worth $443,000. Advisors Asset Management Inc. boosted its position in PBF Energy by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 703,456 shares of the oil and gas company’s stock worth $15,596,000 after buying an additional 268,786 shares during the period. Public Employees Retirement Association of Colorado boosted its position in PBF Energy by 1.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,704 shares of the oil and gas company’s stock worth $526,000 after buying an additional 314 shares during the period. Finally, Capital One National Association boosted its position in PBF Energy by 3.9% in the first quarter. Capital One National Association now owns 50,738 shares of the oil and gas company’s stock worth $1,125,000 after buying an additional 1,903 shares during the period.
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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