PBF Energy Inc. (NYSE:PBF - Get Free Report) CAO Steven John Andriola sold 2,522 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $76.69, for a total transaction of $193,412.18. Following the transaction, the chief accounting officer directly owned 16,659 shares in the company, valued at approximately $1,277,578.71. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
PBF Energy Price Performance
PBF opened at $77.76 on Wednesday. The company has a fifty day simple moving average of $77.56 and a 200 day simple moving average of $53.94. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 3.47, a PEG ratio of 0.08 and a beta of 0.15. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $92.46. The company has a current ratio of 1.59, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26.
PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.12 by $1.66. PBF Energy had a net margin of 6.98% and a return on equity of 34.92%. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm posted ($0.52) EPS. The firm's quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts expect that PBF Energy Inc. will post 25.17 EPS for the current fiscal year.
PBF Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.3250 per share. This is a boost from PBF Energy's previous quarterly dividend of $0.2750. This represents a $1.30 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, November 12th. PBF Energy's payout ratio is 4.91%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on PBF shares. Evercore initiated coverage on PBF Energy in a research note on Friday, July 17th. They issued an "in-line" rating and a $58.00 price target on the stock. Weiss Ratings upgraded PBF Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. TD Cowen raised their price objective on PBF Energy from $73.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, October 22nd. UBS Group restated a "buy" rating and set a $99.00 price objective on shares of PBF Energy in a report on Monday, October 5th. Finally, Citigroup lifted their price objective on PBF Energy from $74.00 to $91.00 and gave the stock a "neutral" rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $70.50.
Read Our Latest Stock Report on PBF Energy
Institutional Trading of PBF Energy
Several institutional investors have recently added to or reduced their stakes in PBF. Dimensional Fund Advisors LP grew its holdings in PBF Energy by 11.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company's stock worth $207,953,000 after acquiring an additional 454,731 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of PBF Energy by 54.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company's stock worth $153,452,000 after purchasing an additional 1,137,533 shares during the last quarter. Sei Investments Co. increased its position in shares of PBF Energy by 41.4% in the 1st quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company's stock worth $17,367,000 after purchasing an additional 106,819 shares during the last quarter. Empowered Funds LLC raised its stake in shares of PBF Energy by 198.0% in the 1st quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company's stock valued at $16,944,000 after purchasing an additional 236,418 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of PBF Energy by 361.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 189,148 shares of the oil and gas company's stock valued at $8,718,000 after purchasing an additional 148,124 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.
About PBF Energy
(
Get Free Report)
PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.
PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.
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