Brokerages Set PBF Energy Inc. (PBF) Price Target at $29.29

Shares of PBF Energy Inc. (NYSE:PBF) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.29.

Several equities analysts have issued reports on the company. Tudor Pickering upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of PBF Energy in a research report on Wednesday, October 18th. Citigroup cut their price objective on PBF Energy from $33.50 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Finally, ValuEngine upgraded PBF Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Shares of PBF Energy (PBF) traded down $0.49 during mid-day trading on Thursday, reaching $31.86. The company had a trading volume of 2,140,000 shares, compared to its average volume of 2,231,584. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The firm has a market cap of $3,505.75, a price-to-earnings ratio of 67.79, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45. PBF Energy has a twelve month low of $18.48 and a twelve month high of $33.75.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm earned ($0.16) EPS. PBF Energy’s quarterly revenue was up 21.4% on a year-over-year basis. research analysts anticipate that PBF Energy will post 1.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. PBF Energy’s payout ratio is currently 57.42%.

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of PBF Energy by 92.7% during the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 2,503 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of PBF Energy during the second quarter worth $119,000. Huntington National Bank bought a new stake in shares of PBF Energy during the second quarter worth $126,000. Sei Investments Co. raised its position in shares of PBF Energy by 391.7% during the second quarter. Sei Investments Co. now owns 6,043 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 4,814 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in shares of PBF Energy during the third quarter worth $218,000.

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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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