PBF Energy (NYSE:PBF – Get Free Report) posted its quarterly earnings data on Thursday. The oil and gas company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39), Briefing.com reports. The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.68%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 earnings per share.
PBF Energy Stock Performance
Shares of NYSE:PBF traded down $3.00 during trading hours on Friday, hitting $36.20. The stock had a trading volume of 2,856,816 shares, compared to its average volume of 2,172,501. The stock’s fifty day simple moving average is $43.16 and its 200 day simple moving average is $49.02. PBF Energy has a 1-year low of $36.13 and a 1-year high of $62.88. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 2.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.54.
PBF Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.76%. PBF Energy’s payout ratio is currently 6.92%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on PBF
Insider Buying and Selling at PBF Energy
In related news, insider Control Empresarial De Capital acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average price of $45.37 per share, for a total transaction of $9,074,000.00. Following the completion of the purchase, the insider now directly owns 14,824,198 shares of the company’s stock, valued at $672,573,863.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 2,091,100 shares of company stock worth $93,004,617. 5.30% of the stock is owned by company insiders.
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.
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