Zacks Investment Research upgraded shares of PBF Energy Inc. (NYSE:PBF) from a hold rating to a buy rating in a research report released on Friday morning. They currently have $35.00 target price on the oil and gas company’s stock.
According to Zacks, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey. “
A number of other equities analysts also recently weighed in on PBF. TheStreet upgraded PBF Energy from a c rating to a b rating in a report on Thursday, November 2nd. Royal Bank Of Canada reiterated a hold rating and issued a $30.00 target price on shares of PBF Energy in a report on Tuesday, November 7th. Tudor Pickering upgraded PBF Energy from a hold rating to a buy rating in a report on Monday, November 6th. BidaskClub downgraded PBF Energy from a hold rating to a sell rating in a report on Wednesday, August 16th. Finally, Citigroup Inc. dropped their target price on PBF Energy from $33.50 to $33.00 and set a buy rating on the stock in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $26.56.
Shares of PBF Energy (NYSE PBF) opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The stock has a market capitalization of $3,443.03, a PE ratio of 66.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.42. PBF Energy has a twelve month low of $18.48 and a twelve month high of $32.05.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.22. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. equities analysts expect that PBF Energy will post 1.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.90%. PBF Energy’s dividend payout ratio is 57.42%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. First Allied Advisory Services Inc. boosted its position in shares of PBF Energy by 1.0% in the second quarter. First Allied Advisory Services Inc. now owns 17,239 shares of the oil and gas company’s stock valued at $380,000 after acquiring an additional 177 shares during the period. Utah Retirement Systems boosted its position in shares of PBF Energy by 1.0% in the second quarter. Utah Retirement Systems now owns 20,100 shares of the oil and gas company’s stock valued at $447,000 after acquiring an additional 200 shares during the period. M&T Bank Corp boosted its position in shares of PBF Energy by 2.8% in the second quarter. M&T Bank Corp now owns 18,483 shares of the oil and gas company’s stock valued at $411,000 after acquiring an additional 496 shares during the period. US Bancorp DE boosted its position in shares of PBF Energy by 6.4% in the second quarter. US Bancorp DE now owns 9,498 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 570 shares during the period. Finally, First Heartland Consultants Inc. boosted its position in shares of PBF Energy by 1.9% in the second quarter. First Heartland Consultants Inc. now owns 54,452 shares of the oil and gas company’s stock valued at $1,212,000 after acquiring an additional 1,000 shares during the period.
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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