FY2025 EPS Estimates for PBF Energy Decreased by Scotiabank

PBF Energy Inc. (NYSE:PBF - Free Report) - Research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for PBF Energy in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will post earnings of ($5.15) per share for the year, down from their prior forecast 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.

Several other research analysts also recently commented on PBF. JPMorgan Chase & Co. dropped their target price on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company cut their price target on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Piper Sandler lowered their price objective on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, March 7th. TD Cowen decreased their price target on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group cut their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, PBF Energy has a consensus rating of "Hold" and a consensus price target of $26.36.

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PBF Energy Stock Performance

Shares of PBF stock traded down $0.02 during trading on Monday, reaching $19.33. The company had a trading volume of 1,986,352 shares, compared to its average volume of 2,102,317. The company has a market capitalization of $2.23 billion, a PE ratio of -4.10 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The firm's 50 day simple moving average is $24.74 and its two-hundred day simple moving average is $28.39. PBF Energy has a one year low of $18.84 and a one year high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy's dividend payout ratio is -23.35%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 40,000 shares of the stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the purchase, the insider now owns 29,355,998 shares of the company's stock, valued at approximately $806,409,265.06. This trade represents a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 651,000 shares of company stock worth $17,480,400 over the last three months. 5.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in 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 valued at $10,920,000 after purchasing an additional 392,776 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of PBF Energy during the 3rd quarter worth approximately $2,404,000. Intech Investment Management LLC boosted its position in PBF Energy by 165.9% during 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 purchasing an additional 28,770 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of PBF Energy in the fourth quarter valued at $4,515,000. Finally, Bridgewater Associates LP raised 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 valued at $2,896,000 after purchasing an additional 26,952 shares during the period. Institutional investors 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.