FY2025 Earnings Estimate for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Scotiabank decreased their FY2025 earnings estimates for shares of PBF Energy in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn ($5.15) per share for the year, down from their prior estimate of ($2.20). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2026 earnings at $1.00 EPS.

A number of other research analysts also recently commented on PBF. Wells Fargo & Company dropped their target price on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. UBS Group reduced 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 note on Wednesday, February 19th. Mizuho downgraded 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. Morgan Stanley dropped their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, TD Cowen dropped their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, March 11th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.36.

PBF Energy Trading Down 5.1 %

Shares of NYSE:PBF opened at $20.78 on Monday. PBF Energy has a 52 week low of $18.97 and a 52 week high of $62.88. The company’s 50 day moving average is $25.39 and its two-hundred day moving average is $28.64. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.40 billion, a PE ratio of -4.41 and a beta of 1.62.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.29%. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were acquired at an average cost of $28.62 per share, with a total value of $2,862,000.00. Following the completion of the transaction, the insider now owns 28,984,998 shares of the company’s stock, valued at approximately $829,550,642.76. The trade was a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 721,000 shares of company stock worth $19,269,600 over the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of PBF Energy by 2,119.6% in the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after acquiring an additional 392,776 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of PBF Energy in the third quarter worth approximately $2,404,000. Intech Investment Management LLC boosted its position in shares of PBF Energy by 165.9% in the third quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock worth $1,427,000 after acquiring an additional 28,770 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of PBF Energy in the fourth quarter worth approximately $4,515,000. Finally, Bridgewater Associates LP boosted its position in shares of PBF Energy by 40.5% in the third quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company’s stock worth $2,896,000 after acquiring an additional 26,952 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.