PBF Energy (NYSE:PBF) Issues Earnings Results

PBF Energy (NYSE:PBF) posted 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%. The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion.

PBF Energy Stock Performance

Shares of PBF stock traded up $0.03 during trading hours on Friday, reaching $23.24. The stock had a trading volume of 3,107,443 shares, compared to its average volume of 2,074,934. 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 twelve month low of $22.03 and a twelve month high of $62.88. The firm has a 50-day simple moving average of $28.28 and a 200-day simple moving average of $31.27. The firm has a market capitalization of $2.67 billion, a PE ratio of -8.97 and a beta of 1.60.

PBF Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.73%. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 409,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $31.58 per share, with a total value of $12,916,220.00. Following the purchase, the insider now owns 27,368,498 shares in the company, valued at approximately $864,297,166.84. This represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 1,968,500 shares of company stock valued at $58,476,810 in the last quarter. Company insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

PBF has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price objective on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and reduced their price target for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.18.

PBF Energy Company Profile

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.