PBF Energy Inc. (PBF) Shares Down 1.9%
PBF Energy Inc. (NYSE:PBF) was down 1.9% on Thursday . The stock traded as low as $23.27 and last traded at $23.30, with a volume of 843,883 shares trading hands. The stock had previously closed at $23.75.
Several equities research analysts have recently weighed in on PBF shares. Credit Suisse Group AG reissued a “buy” rating and issued a $32.00 price objective on shares of PBF Energy in a report on Thursday, June 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of PBF Energy in a report on Sunday, June 12th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of PBF Energy in a report on Wednesday, April 27th. Barclays PLC reissued an “equal weight” rating and issued a $26.00 price objective on shares of PBF Energy in a report on Monday, August 1st. Finally, Zacks Investment Research raised PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. PBF Energy has a consensus rating of “Hold” and a consensus price target of $33.73.
The firm’s market capitalization is $2.26 billion. The stock has a 50-day moving average of $22.58 and a 200-day moving average of $27.70.
PBF Energy (NYSE:PBF) last issued its earnings results on Friday, July 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.87 by $0.73. During the same period last year, the firm posted $0.88 EPS. The firm earned $3.86 billion during the quarter, compared to the consensus estimate of $3.06 billion. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts expect that PBF Energy Inc. will post ($0.42) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th will be given a $0.30 dividend. This is a boost from PBF Energy’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.20%.
In other news, President Matthew C. Lucey bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was bought at an average price of $27.50 per share, for a total transaction of $275,000.00. Following the transaction, the president now owns 50,000 shares in the company, valued at $1,375,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas J. Nimbley bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was purchased at an average price of $27.40 per share, with a total value of $1,370,000.00. Following the transaction, the chief executive officer now owns 110,000 shares in the company, valued at approximately $3,014,000. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in PBF Energy stock. State of Wisconsin Investment Board boosted its stake in PBF Energy Inc. (NYSE:PBF) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,130 shares of the company’s stock after buying an additional 5,930 shares during the period. State of Wisconsin Investment Board owned 0.07% of PBF Energy worth $2,581,000 at the end of the most recent quarter.
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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