PBF Energy Inc. (PBF) Stock Price Down 4.9%
PBF Energy Inc. (NYSE:PBF) shares fell 4.9% during trading on Thursday . The company traded as low as $20.72 and last traded at $20.83, with a volume of 1,212,348 shares changing hands. The stock had previously closed at $21.90.
Several brokerages have issued reports on PBF. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Wolfe Research downgraded shares of PBF Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Credit Suisse Group AG reissued a “buy” rating and set a $32.00 price objective on shares of PBF Energy in a research report on Thursday, June 16th. Goldman Sachs Group Inc. downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $37.00 to $26.00 in a research report on Wednesday, June 29th. Finally, Tudor Pickering downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. PBF Energy has an average rating of “Hold” and a consensus target price of $33.73.
The company’s market capitalization is $2.06 billion. The company’s 50 day moving average is $22.51 and its 200 day moving average is $27.20.
PBF Energy (NYSE:PBF) last released its quarterly 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. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.06 billion. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. On average, equities analysts forecast that PBF Energy Inc. will post ($0.39) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th were given a dividend of $0.30 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.70%.
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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