PBF Energy Inc. to Issue Quarterly Dividend of $0.25 (NYSE:PBF)

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

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

PBF Energy Stock Down 1.4 %

Shares of PBF traded down $0.74 during trading hours on Friday, reaching $51.86. 1,899,886 shares of the stock traded hands, compared to its average volume of 2,146,628. PBF Energy has a 52 week low of $31.25 and a 52 week high of $62.88. The stock has a fifty day simple moving average of $54.99 and a 200 day simple moving average of $48.93. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 3.20 and a beta of 1.73.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.65 billion. During the same quarter last year, the business posted $4.41 EPS. The business’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts forecast that PBF Energy will post 7.39 EPS for the current year.

Insider Buying and Selling

In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the transaction, the senior vice president now owns 160,338 shares of the company’s stock, valued at approximately $8,958,084.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at approximately $8,958,084.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Paul T. Davis sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the transaction, the senior vice president now owns 110,978 shares of the company’s stock, valued at approximately $6,255,829.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,000 shares of company stock valued at $10,074,600. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PBF shares. Scotiabank upped their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their target price on shares of PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Citigroup assumed coverage on shares of PBF Energy in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $58.00 in a research report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of “Hold” and a consensus target price of $57.91.

PBF Energy Company Profile

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.