Published On: Mon, Sep 19th, 2016

Research Analysts’ Weekly Ratings Changes for PBF Energy (PBF)

A number of research firms have changed their ratings and price targets for PBF Energy (NYSE: PBF):

9/16/2016 – PBF Energy had its price target raised by analysts at Piper Jaffray Cos. from $17.00 to $20.00. They now have a “neutral” rating on the stock.
9/15/2016 – PBF Energy had its price target lowered by analysts at Deutsche Bank AG from $28.00 to $27.00. They now have a “hold” rating on the stock.
9/8/2016 – PBF Energy was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating. They now have a $19.00 price target on the stock, down previously from $23.00.
9/4/2016 – PBF Energy had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.
8/8/2016 – PBF Energy was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating.
8/1/2016 – PBF Energy had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $26.00 price target on the stock.

PBF Energy Inc. (NYSE:PBF) traded up 3.04% during mid-day trading on Monday, reaching $23.42. The company had a trading volume of 686,200 shares. PBF Energy Inc. has a one year low of $20.57 and a one year high of $41.75. The firm’s market capitalization is $2.29 billion. The firm’s 50-day moving average is $22.54 and its 200-day moving average is $26.93.
PBF Energy (NYSE:PBF) last released its earnings results on Friday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.73. PBF Energy had a negative net margin of 0.02% and a positive return on equity of 9.19%. The business earned $3.86 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that PBF Energy Inc. will post ($0.30) earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Friday, August 5th. This is a boost from PBF Energy’s previous quarterly dividend of $0.29. PBF Energy’s payout ratio is currently 12,012.01%.
In other news, CEO Thomas J. Nimbley purchased 50,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were purchased at an average cost of $21.84 per share, with a total value of $1,092,000.00. Following the completion of the purchase, the chief executive officer now owns 160,000 shares of the company’s stock, valued at approximately $3,494,400. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Connor Thomas L. O purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were purchased at an average cost of $21.73 per share, for a total transaction of $217,300.00. Following the completion of the purchase, the insider now directly owns 50,000 shares of the company’s stock, valued at approximately $1,086,500. The disclosure for this purchase can be found here. 5.70% of the stock is owned by company insiders.
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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