PBF Energy (NYSE:PBF) Getting Somewhat Favorable Press Coverage, Report Finds
News headlines about PBF Energy (NYSE:PBF) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PBF Energy earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.8361797387414 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s rankings:
- BRIEF-PBF Energy Inc says board now consists of 9 members – SEC Filing (reuters.com)
- PBF Energy Inc. Class A (NYSE:PBF) Experiences Heavy Trading Volume – Modern Readers (modernreaders.com)
- BidaskClub Upgrades PBF Energy Inc. (PBF) to “Hold” (americanbankingnews.com)
- Investor Network: PBF Energy, Inc. to Host Earnings Call (finance.yahoo.com)
- What to Expect from Phillips 66 Stock after It Earnings (finance.yahoo.com)
Shares of PBF Energy (NYSE:PBF) traded up 1.56% during midday trading on Friday, hitting $23.40. 3,342,546 shares of the stock traded hands. The firm has a market capitalization of $2.57 billion, a PE ratio of 14.00 and a beta of 1.40. The company’s 50-day moving average is $22.07 and its 200 day moving average is $22.22. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.09. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.76 billion. PBF Energy had a negative net margin of 0.23% and a negative return on equity of 4.93%. During the same quarter last year, the company earned $0.14 EPS. Analysts anticipate that PBF Energy will post $0.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.13%. PBF Energy’s dividend payout ratio (DPR) is -363.64%.
Several equities analysts have commented on PBF shares. Scotiabank set a $24.00 target price on shares of PBF Energy and gave the stock a “buy” rating in a research report on Monday, June 26th. Citigroup Inc. restated a “buy” rating and set a $37.50 price target (down previously from $39.00) on shares of PBF Energy in a research note on Saturday, April 22nd. US Capital Advisors restated a “hold” rating on shares of PBF Energy in a research note on Monday, May 22nd. Piper Jaffray Companies restated a “hold” rating and set a $20.00 price target on shares of PBF Energy in a research note on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. PBF Energy currently has a consensus rating of “Hold” and a consensus price target of $23.39.
In related news, insider Connor Thomas L. O acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $20.17 per share, for a total transaction of $201,700.00. Following the completion of the transaction, the insider now directly owns 105,135 shares in the company, valued at $2,120,572.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas J. Nimbley acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price of $19.69 per share, for a total transaction of $984,500.00. Following the transaction, the chief executive officer now owns 290,000 shares of the company’s stock, valued at $5,710,100. The disclosure for this purchase can be found here. 2.55% of the stock is owned by corporate insiders.
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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