Scotiabank Reiterates Sector Perform Rating for PBF Energy (PBF)

Scotiabank restated their sector perform rating on shares of PBF Energy (NYSE:PBF) in a research report released on Thursday morning.

Several other equities analysts have also issued reports on the company. Citigroup lifted their price target on PBF Energy from $37.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded PBF Energy from a hold rating to a buy rating and set a $39.00 price target on the stock in a research note on Saturday, December 23rd. Morgan Stanley lowered PBF Energy from an equal weight rating to an underweight rating and set a $37.00 price target on the stock. in a research note on Thursday, January 11th. Cowen lowered PBF Energy from an outperform rating to a market perform rating and lifted their price target for the company from $30.00 to $31.00 in a research note on Friday, February 16th. Finally, Barclays reiterated a buy rating and issued a $44.00 price target on shares of PBF Energy in a research note on Friday, February 16th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $37.50.

PBF Energy stock traded up $0.88 during mid-day trading on Thursday, reaching $36.20. 707,332 shares of the company were exchanged, compared to its average volume of 2,089,614. PBF Energy has a 12 month low of $18.48 and a 12 month high of $37.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.57 and a quick ratio of 0.66. The firm has a market cap of $3,880.16, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.



PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business earned ($0.71) EPS. PBF Energy’s revenue was up 37.6% on a year-over-year basis. sell-side analysts expect that PBF Energy will post 3.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, February 27th. PBF Energy’s dividend payout ratio (DPR) is 105.26%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of PBF Energy by 3.0% during the 4th quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock valued at $329,471,000 after acquiring an additional 268,354 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of PBF Energy during the 4th quarter valued at $55,967,000. Goldman Sachs Group Inc. boosted its holdings in shares of PBF Energy by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,176,329 shares of the oil and gas company’s stock valued at $41,701,000 after acquiring an additional 10,698 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of PBF Energy by 12,300.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock valued at $39,380,000 after acquiring an additional 1,101,874 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of PBF Energy by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 922,780 shares of the oil and gas company’s stock valued at $32,711,000 after acquiring an additional 14,283 shares in the last quarter.

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PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.

Analyst Recommendations for PBF Energy (NYSE:PBF)

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