PBF Energy (NYSE:PBF) Issues Earnings Results, Misses Estimates By $1.02 EPS

PBF Energy (NYSE:PBF) released its quarterly earnings data on Thursday. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02), Zacks reports. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%.

PBF Energy Trading Up 0.1 %

NYSE:PBF opened at $23.24 on Friday. The business’s fifty day moving average price is $28.28 and its 200 day moving average price is $31.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy has a 12 month low of $22.03 and a 12 month high of $62.88.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Wells Fargo & Company decreased their price target on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus price target of $31.18.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital acquired 57,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the completion of the acquisition, the insider now owns 26,739,498 shares in the company, valued at $847,642,086.60. This trade represents a 0.21 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,968,500 shares of company stock valued at $58,476,810 over the last quarter. 5.30% of the stock is owned by insiders.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.