PBF Energy (NYSE:PBF) Reaches New 52-Week Low at $39.41

Shares of PBF Energy Inc. (NYSE:PBF) hit a new 52-week low during trading on Thursday . The company traded as low as $39.41 and last traded at $39.72, with a volume of 116632 shares traded. The stock had previously closed at $39.93.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PBF shares. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Wolfe Research started coverage on shares of PBF Energy in a research note on Thursday. They set a “peer perform” rating on the stock. Piper Sandler reduced their target price on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Wells Fargo & Company reduced their target price on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, Mizuho reduced their target price on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.91.

PBF Energy Trading Down 1.2 %

The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 2.76 and a beta of 1.60. The business’s 50-day simple moving average is $45.58 and its two-hundred day simple moving average is $49.31. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. The firm had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. Equities analysts forecast that PBF Energy Inc. will post 4.59 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is currently 6.92%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital acquired 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $9,074,000.00. Following the completion of the acquisition, the insider now owns 14,824,198 shares of the company’s stock, valued at approximately $672,573,863.26. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders acquired 2,091,100 shares of company stock worth $93,004,617. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 valued at $514,352,000 after purchasing an additional 69,422 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $324,487,000 after buying an additional 120,414 shares in the last quarter. LSV Asset Management boosted its holdings in shares of 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 valued at $56,045,000 after buying an additional 216,400 shares in the last quarter. Norges Bank acquired a new position in shares of PBF Energy in the 4th quarter valued at $54,832,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of 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 valued at $60,689,000 after buying an additional 48,525 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.