PBF Energy Inc. (NYSE:PBF – Free Report) – Analysts at Zacks Research dropped their FY2024 earnings per share estimates for PBF Energy in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of ($3.40) per share for the year, down from their previous estimate of ($2.57). The consensus estimate for PBF Energy’s current full-year earnings is ($2.95) per share. Zacks Research also issued estimates for PBF Energy’s Q4 2024 earnings at ($2.21) EPS, Q1 2025 earnings at ($0.79) EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at ($0.89) EPS, FY2025 earnings at ($1.01) EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.57 EPS, Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.69 EPS and FY2026 earnings at $2.52 EPS.
Several other research analysts also recently commented on the company. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. The Goldman Sachs Group cut their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Finally, Bank of America began coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective for the company. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.
PBF Energy Stock Up 1.8 %
PBF stock opened at $31.03 on Monday. PBF Energy has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The business’s 50-day moving average is $29.16 and its two-hundred day moving average is $32.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The company has a market cap of $3.57 billion, a price-to-earnings ratio of -11.98 and a beta of 1.61.
PBF Energy (NYSE:PBF – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the company posted $6.61 EPS. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year.
PBF Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.54%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.
Insider Activity
In related news, insider Control Empresarial De Capital acquired 287,100 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of $31.91 per share, for a total transaction of $9,161,361.00. Following the completion of the purchase, the insider now directly owns 24,751,498 shares of the company’s stock, valued at $789,820,301.18. The trade was a 1.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired 2,469,600 shares of company stock worth $73,932,721 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC grew its holdings 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 acquiring an additional 1,056 shares in the last quarter. Quarry LP bought a new stake in PBF Energy in the third quarter worth $48,000. Harbor Capital Advisors Inc. bought a new stake in PBF Energy during the third quarter valued at about $59,000. Blue Trust Inc. raised its position in shares of PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of PBF Energy during the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 96.29% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than PBF Energy
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Earn High Dividends With 2 Top REITs Set to Perform in 2025
- What is the FTSE 100 index?
- Oilfield Leader SLB: An AI Name You Need to Know
- How to Invest in the Best Canadian StocksĀ
- Top ETFs That Beat the Market in 2024 and Could Do It Again
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.