PBF Energy Inc. (NYSE:PBF – Get Rating) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $38.50.
Several research firms recently commented on PBF. Wells Fargo & Company raised their price target on shares of PBF Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, September 21st. JPMorgan Chase & Co. upgraded shares of PBF Energy from a “neutral” rating to an “overweight” rating and set a $43.00 price target on the stock in a research report on Wednesday, September 21st. Wolfe Research upgraded shares of PBF Energy from an “underperform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $49.00 in a research report on Wednesday, September 14th. TheStreet upgraded shares of PBF Energy from a “c” rating to a “b-” rating in a research report on Friday, July 29th. Finally, StockNews.com upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday.
PBF Energy Stock Down 0.5 %
PBF stock opened at $45.92 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of 2.39 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.21. The firm’s fifty day moving average is $37.31 and its 200 day moving average is $33.81. PBF Energy has a one year low of $10.58 and a one year high of $49.00.
PBF Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Monday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%.
Insider Buying and Selling
In related news, insider John C. Barone sold 32,500 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $45.97, for a total transaction of $1,494,025.00. Following the transaction, the insider now directly owns 14,662 shares in the company, valued at $674,012.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PBF Energy news, insider John C. Barone sold 32,500 shares of PBF Energy stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $45.97, for a total transaction of $1,494,025.00. Following the transaction, the insider now directly owns 14,662 shares of the company’s stock, valued at $674,012.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Connor Thomas L. O sold 100,000 shares of PBF Energy stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $37.54, for a total transaction of $3,754,000.00. Following the transaction, the senior vice president now directly owns 80,000 shares in the company, valued at $3,003,200. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On PBF Energy
Institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in PBF Energy during the third quarter worth about $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of PBF Energy in the 1st quarter valued at approximately $48,000. Meeder Asset Management Inc. raised its stake 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 valued at $68,000 after acquiring an additional 2,177 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of PBF Energy in the 1st quarter valued at approximately $76,000. Finally, Quadrant Capital Group LLC raised its stake in shares of PBF Energy by 17.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,900 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 433 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.
About PBF Energy
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.
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 firstname.lastname@example.org.
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.