PBF Energy (NYSE:PBF) Hits New 1-Year Low at $30.18

PBF Energy Inc. (NYSE:PBF) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $30.18 and last traded at $30.80, with a volume of 43106 shares trading hands. The stock had previously closed at $30.95.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group reduced their price target on PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Morgan Stanley cut their price target on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. The Goldman Sachs Group dropped their price objective on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, July 1st. Finally, Mizuho cut their target price on shares of PBF Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PBF Energy has an average rating of “Hold” and an average target price of $47.91.

PBF Energy Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 2.14 and a beta of 1.56. The business’s 50-day moving average price is $34.71 and its two-hundred day moving average price is $44.68.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts predict that PBF Energy Inc. will post 0.6 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Thursday, August 15th. PBF Energy’s payout ratio is presently 6.92%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $35.60 per share, with a total value of $1,780,000.00. Following the completion of the purchase, the insider now directly owns 18,179,598 shares of the company’s stock, valued at approximately $647,193,688.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 2,897,300 shares of company stock valued at $95,603,276 over the last three months. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PBF. GAMMA Investing LLC raised its stake in shares of PBF Energy by 95.3% during the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 224 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of PBF Energy in the second quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in PBF Energy in the first quarter valued at approximately $27,000. Creekmur Asset Management LLC bought a new stake in PBF Energy in the fourth quarter valued at approximately $29,000. Finally, CWM LLC raised its holdings in PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 569 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.