PBF Energy (NYSE:PBF) Given New $54.00 Price Target at Mizuho

PBF Energy (NYSE:PBFFree Report) had its target price decreased by Mizuho from $58.00 to $54.00 in a research report sent to investors on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

A number of other research firms also recently issued reports on PBF. JPMorgan Chase & Co. increased their target price on shares of PBF Energy from $54.00 to $59.00 and gave the stock an overweight rating in a research report on Monday, April 1st. Wells Fargo & Company cut their target price on shares of PBF Energy from $67.00 to $66.00 and set an overweight rating for the company in a research report on Thursday, June 6th. Piper Sandler cut their target price on shares of PBF Energy from $54.00 to $47.00 and set a neutral rating for the company in a research report on Friday, June 14th. TD Cowen cut their target price on shares of PBF Energy from $54.00 to $45.00 and set a hold rating for the company in a research report on Friday, May 3rd. Finally, Bank of America upgraded shares of PBF Energy from a neutral rating to a buy rating and increased their target price for the stock from $52.00 to $74.00 in a research report on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $55.82.

Get Our Latest Research Report on PBF Energy

PBF Energy Trading Down 1.0 %

Shares of NYSE:PBF opened at $43.76 on Thursday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 3.03 and a beta of 1.63. PBF Energy has a 1-year low of $38.63 and a 1-year high of $62.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.54. The company has a 50 day moving average price of $49.83 and a 200 day moving average price of $49.40.

PBF Energy (NYSE:PBFGet Free Report) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. The firm had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. On average, research analysts anticipate that PBF Energy will post 6.06 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.25 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. PBF Energy’s payout ratio is presently 6.92%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital bought 51,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost of $46.19 per share, for a total transaction of $2,355,690.00. Following the purchase, the insider now owns 14,875,198 shares of the company’s stock, valued at approximately $687,085,395.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have bought 1,383,900 shares of company stock worth $61,580,229. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PBF. Vanguard Group Inc. grew its position in PBF Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 11,700,449 shares of the oil and gas company’s stock worth $514,352,000 after purchasing an additional 69,422 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PBF Energy by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,381,349 shares of the oil and gas company’s stock worth $324,487,000 after purchasing an additional 120,414 shares during the last quarter. LSV Asset Management grew its position in PBF Energy by 20.4% in the 4th quarter. LSV Asset Management now owns 1,274,904 shares of the oil and gas company’s stock worth $56,045,000 after purchasing an additional 216,400 shares during the last quarter. Norges Bank acquired a new stake in PBF Energy in the 4th quarter worth $54,832,000. Finally, Acadian Asset Management LLC grew its position in PBF Energy by 4.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company’s stock worth $60,689,000 after purchasing an additional 48,525 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

About PBF Energy

(Get Free Report)

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.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

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