PBF Energy Inc. (NYSE:PBF) Plans Quarterly Dividend of $0.28

PBF Energy Inc. (NYSE:PBF) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Shareholders of record on Thursday, February 27th will be given a dividend of 0.275 per share by the oil and gas company on Friday, March 14th. This represents a $1.10 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Thursday, February 27th.

PBF Energy has a payout ratio of 64.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PBF Energy to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 78.6%.

PBF Energy Stock Down 0.4 %

Shares of PBF stock opened at $23.11 on Tuesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -4.91 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy has a 1-year low of $22.03 and a 1-year high of $62.88. The stock’s fifty day moving average price is $27.40 and its 200 day moving average price is $30.47.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, research analysts expect that PBF Energy will post -1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on PBF shares. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group cut their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $31.00 in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.55.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital bought 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was bought at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the transaction, the insider now owns 29,355,998 shares of the company’s stock, valued at approximately $806,409,265.06. The trade was a 0.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have bought 1,811,500 shares of company stock valued at $53,541,910. 5.30% of the stock is currently owned by insiders.

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.