PBF Energy Inc. (PBF) Stock Price Down 4.9%
PBF Energy Inc. (NYSE:PBF) traded down 4.9% during trading on Thursday . The stock 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 equities research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of PBF Energy in a report on Sunday, June 12th. Tudor Pickering downgraded shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and set a $26.00 price objective on shares of PBF Energy in a report on Monday, August 1st. Zacks Investment Research downgraded shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 4th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $32.00 price objective on shares of PBF Energy in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. PBF Energy has an average rating of “Hold” and an average price target of $33.73.
The firm’s market cap is $2.07 billion. The company’s 50-day moving average price is $22.54 and its 200 day moving average price is $27.29.
PBF Energy (NYSE:PBF) last released its quarterly earnings results on Friday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.73. The business earned $3.86 billion during the quarter, compared to analyst estimates of $3.06 billion. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. On average, equities analysts predict 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. Shareholders of record on Tuesday, August 9th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.66%. This is a boost from PBF Energy’s previous quarterly dividend of $0.29.
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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