Cowen cut shares of PBF Energy (NYSE:PBF) from an outperform rating to a market perform rating in a research report report published on Friday morning, MarketBeat.com reports. They currently have $31.00 price objective on the oil and gas company’s stock, up from their previous price objective of $30.00.
A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of PBF Energy from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Friday, November 10th. Barclays raised shares of PBF Energy from an underweight rating to an overweight rating and upped their price objective for the company from $28.00 to $39.00 in a research note on Tuesday, November 14th. Citigroup upped their price objective on shares of PBF Energy from $37.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Goldman Sachs Group cut shares of PBF Energy from a neutral rating to a sell rating in a research note on Tuesday, November 28th. Finally, Scotiabank reaffirmed a buy rating and set a $40.00 price objective on shares of PBF Energy in a research note on Thursday, December 21st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. PBF Energy has a consensus rating of Hold and an average target price of $32.90.
Shares of PBF Energy (NYSE:PBF) opened at $30.67 on Friday. The company has a market cap of $3,374.80, a PE ratio of 8.31, a PEG ratio of 0.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. PBF Energy has a one year low of $18.48 and a one year high of $37.01.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 annualized dividend and a yield of 3.91%. PBF Energy’s payout ratio is 32.52%.
A number of large investors have recently bought and sold shares of PBF. Alliancebernstein L.P. boosted its holdings in PBF Energy by 4.6% in the 2nd quarter. Alliancebernstein L.P. now owns 63,564 shares of the oil and gas company’s stock valued at $1,415,000 after purchasing an additional 2,771 shares during the last quarter. Northern Trust Corp boosted its holdings in PBF Energy by 63.2% in the 2nd quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock valued at $22,237,000 after purchasing an additional 386,930 shares during the last quarter. California Public Employees Retirement System boosted its holdings in PBF Energy by 3.4% in the 2nd quarter. California Public Employees Retirement System now owns 219,400 shares of the oil and gas company’s stock valued at $4,884,000 after purchasing an additional 7,300 shares during the last quarter. Stifel Financial Corp boosted its holdings in PBF Energy by 26.9% in the 2nd quarter. Stifel Financial Corp now owns 12,587 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 2,668 shares during the last quarter. Finally, State Street Corp boosted its holdings in PBF Energy by 48.0% in the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares during the last quarter.
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PBF Energy Company Profile
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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