Shares of PBF Energy Inc. (NYSE:PBF – Get Rating) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.65.
Several research analysts have recently weighed in on the stock. Bank of America raised shares of PBF Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $25.00 in a research report on Tuesday, March 8th. Wells Fargo & Company raised shares of PBF Energy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Thursday, April 21st. Piper Sandler lifted their target price on shares of PBF Energy to $43.00 and gave the stock an “overweight” rating in a research report on Monday, May 23rd. Zacks Investment Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, March 29th. Finally, Credit Suisse Group boosted their price objective on shares of PBF Energy from $16.50 to $20.50 and gave the company an “underperform” rating in a research report on Tuesday, March 22nd.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
In related news, insider Control Empresarial De Capital sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $31.09, for a total transaction of $466,350.00. Following the completion of the transaction, the insider now directly owns 14,528,183 shares in the company, valued at approximately $451,681,209.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Paul T. Davis sold 75,499 shares of the company’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $30.97, for a total transaction of $2,338,204.03. Following the transaction, the senior vice president now owns 44,126 shares of the company’s stock, valued at $1,366,582.22. The disclosure for this sale can be found here. Insiders sold 6,651,547 shares of company stock valued at $201,518,077 over the last 90 days. 5.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of PBF Energy in the 1st quarter valued at $48,000. Quadrant Capital Group LLC grew its holdings in shares of PBF Energy by 93.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,391 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,154 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of PBF Energy by 354.0% in the 1st quarter. Meeder Asset Management Inc. now owns 2,792 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,177 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of PBF Energy in the 1st quarter worth about $76,000. Finally, US Bancorp DE grew its holdings in shares of PBF Energy by 18.9% in the 3rd quarter. US Bancorp DE now owns 6,018 shares of the oil and gas company’s stock worth $78,000 after purchasing an additional 956 shares during the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.
NYSE PBF opened at $43.74 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.25 and a quick ratio of 0.69. The company’s 50 day simple moving average is $29.67 and its 200 day simple moving average is $21.27. PBF Energy has a 12 month low of $7.24 and a 12 month high of $43.74. The company has a market capitalization of $5.29 billion, a P/E ratio of 21.23 and a beta of 2.24.
PBF Energy (NYSE:PBF – Get Rating) last released its earnings results on Thursday, April 28th. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.24 billion. PBF Energy had a net margin of 0.80% and a return on equity of 2.56%. The firm’s quarterly revenue was up 85.6% compared to the same quarter last year. During the same period last year, the firm posted ($2.61) earnings per share. On average, analysts anticipate that PBF Energy will post 6.35 earnings per share for the current year.
PBF Energy Company Profile (Get Rating)
PBF Energy Inc, together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in PBF Energy right now?
Before you consider PBF Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PBF Energy wasn’t on the list.
While PBF Energy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
