PBF Energy Inc. (PBF) To Go Ex-Dividend on May 15th

PBF Energy Inc. (NYSE:PBF) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.25 per share by the oil and gas company on Thursday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, May 15th.

PBF Energy has raised its dividend by an average of 41.5% annually over the last three years and has increased its dividend every year for the last 1 years.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $51.78 on Friday. The business’s 50 day moving average price is $54.99 and its 200 day moving average price is $48.93. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 3.58 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. PBF Energy has a one year low of $31.25 and a one year high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a return on equity of 18.49% and a net margin of 4.95%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.65 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. The firm’s revenue was down 15.7% on a year-over-year basis. On average, research analysts predict that PBF Energy will post 7.75 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PBF. Piper Sandler raised their price target on shares of PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company raised their target price on PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Scotiabank lifted their target price on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen lowered their price target on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.91.

Insider Buying and Selling at PBF Energy

In related news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, the senior vice president now owns 110,978 shares in the company, valued at $6,255,829.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total value of $2,202,800.00. Following the completion of the sale, the senior vice president now directly owns 160,338 shares of the company’s stock, valued at $8,829,813.66. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock worth $10,074,600 over the last three months. Insiders own 5.30% of the company’s stock.

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.