PBF Energy Inc. (PBF) Stock Price Down 2.8%
Shares of PBF Energy Inc. (NYSE:PBF) were down 2.8% on Thursday . The stock traded as low as $22.45 and last traded at $22.59, with a volume of 1,290,510 shares. The stock had previously closed at $23.23.
Several analysts recently weighed in on PBF shares. Credit Suisse Group AG reissued a “buy” rating and set a $32.00 price target 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. Barclays PLC restated an “equal weight” rating and set a $26.00 price objective on shares of PBF Energy in a research note on Monday, August 1st. Tudor Pickering lowered PBF Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Wolfe Research lowered PBF Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. PBF Energy has an average rating of “Hold” and an average target price of $33.73.
The company has a 50-day moving average of $22.54 and a 200 day moving average of $27.43. The company’s market cap is $2.15 billion.
PBF Energy (NYSE:PBF) last posted its earnings results on Friday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.73. The business earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.06 billion. PBF Energy’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. On average, analysts anticipate that PBF Energy Inc. will post ($0.37) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.45%. This is a boost from PBF Energy’s previous quarterly dividend of $0.29.
In related news, President Matthew C. Lucey bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were purchased at an average price of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the transaction, the president now directly owns 50,000 shares in the company, valued at approximately $1,375,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas J. Nimbley bought 50,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were bought at an average price of $27.40 per share, for a total transaction of $1,370,000.00. Following the transaction, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $3,014,000. The disclosure for this purchase can be found here.
A hedge fund recently bought a new stake in PBF Energy stock. Airain ltd purchased a new stake in PBF Energy Inc. (NYSE:PBF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 39,855 shares of the company’s stock, valued at approximately $1,467,000.
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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