PBF Energy (PBF) Earns News Sentiment Score of 0.32

Headlines about PBF Energy (NYSE:PBF) have trended positive on Sunday, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PBF Energy earned a media sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also assigned media coverage about the oil and gas company an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted AlphaOne’s scoring:

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 27th. BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) raised shares of PBF Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $22.00 to $23.00 in a research note on Wednesday, April 5th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “hold” rating and issued a $24.00 target price on shares of PBF Energy in a research note on Monday, March 20th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $37.50 target price (down from $39.00) on shares of PBF Energy in a research note on Saturday, April 22nd. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.95.

PBF Energy (NYSE PBF) traded up 5.61% during mid-day trading on Friday, reaching $21.82. 5,325,247 shares of the company traded hands. The stock has a market capitalization of $2.39 billion, a PE ratio of 13.06 and a beta of 1.42. PBF Energy has a 52-week low of $18.48 and a 52-week high of $30.98. The stock has a 50-day moving average of $21.32 and a 200 day moving average of $23.22.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.26. PBF Energy had a net margin of 0.95% and a negative return on equity of 4.20%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted ($0.65) earnings per share. PBF Energy’s revenue for the quarter was up 69.8% compared to the same quarter last year. Equities research analysts expect that PBF Energy will post $1.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.50%. The ex-dividend date was Friday, May 12th. PBF Energy’s dividend payout ratio (DPR) is 68.97%.

In related news, insider Connor Thomas L. O purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $20.17 per share, with a total value of $201,700.00. Following the completion of the transaction, the insider now owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas J. Nimbley purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $19.69 per share, with a total value of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares of the company’s stock, valued at approximately $5,710,100. The disclosure for this purchase can be found here. Corporate insiders own 2.55% of the company’s stock.

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About PBF Energy

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PBF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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