PBF Energy (NYSE:PBF) Trading 4.5% Higher After Dividend Announcement

05 May 2025, 16:54 by Mitch Edgeman · The Markets Daily

PBF Energy Inc. (NYSE:PBF – Get Free Report)’s stock price was up 4.5% during trading on Monday following a dividend announcement from the company. The company traded as high as $18.32 and last traded at $18.32. Approximately 1,238,193 shares changed hands during trading, a decline of 49% from the average daily volume of 2,428,965 shares. The stock had previously closed at $17.53.

The newly announced dividend which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.10 annualized dividend and a yield of 5.94%. PBF Energy’s dividend payout ratio is presently -12.09%.

Analyst Upgrades and Downgrades

PBF has been the subject of a number of analyst reports. Piper Sandler dropped their price target on PBF Energy from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday. The Goldman Sachs Group cut their price objective on PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Mizuho dropped their price objective on shares of PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company cut their target price on PBF Energy from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and an average target price of $22.82.

Check Out Our Latest Analysis on PBF Energy

PBF Energy Trading Up 5.7 %

The firm has a market capitalization of $2.14 billion, a P/E ratio of -3.93 and a beta of 0.76. The firm has a 50 day simple moving average of $18.20 and a two-hundred day simple moving average of $25.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25.

PBF Energy (NYSE:PBF – Get Free Report) last announced its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.50) by $0.41. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business’s revenue was down 18.3% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. Equities research analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the transaction, the insider now directly owns 30,249,998 shares of the company’s stock, valued at $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have purchased 481,000 shares of company stock valued at $10,380,180. 5.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PBF. Fifth Third Bancorp increased its holdings in shares of PBF Energy by 125.7% in the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Fortitude Family Office LLC increased its position in shares of PBF Energy by 968.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of PBF Energy by 194.3% in the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 1,090 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of PBF Energy by 80.4% during the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in PBF Energy in the 4th quarter worth $61,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

About PBF Energy

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