Zacks Research Expects Increased Earnings for PBF Energy

PBF Energy Inc. (NYSE:PBF - Free Report) - Investment analysts at Zacks Research lifted their FY2025 EPS estimates for PBF Energy in a research note issued on Wednesday, April 9th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $0.55 per share for the year, up from their previous forecast of $0.38. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share. Zacks Research also issued estimates for PBF Energy's Q4 2025 earnings at ($0.89) EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.34 EPS, Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $1.58 EPS and FY2027 earnings at $1.78 EPS.

A number of other brokerages have also recently commented on PBF. Piper Sandler reduced their target price on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. Mizuho cut their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company decreased their target price on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. TD Cowen cut their price target on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, March 11th. Finally, UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.18.

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PBF Energy Stock Performance

Shares of NYSE PBF traded up $0.48 during midday trading on Monday, hitting $15.37. 1,824,112 shares of the company's stock traded hands, compared to its average volume of 2,367,648. The firm has a fifty day moving average of $20.19 and a 200 day moving average of $26.61. PBF Energy has a 1 year low of $13.62 and a 1 year high of $58.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -3.27 and a beta of 1.15.

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

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given 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 7.16%. PBF Energy's dividend payout ratio is -23.35%.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 60,000 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of $29.29 per share, with a total value of $1,757,400.00. Following the acquisition, the insider now directly owns 29,144,998 shares of the company's stock, valued at approximately $853,656,991.42. The trade was a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 727,000 shares of company stock worth $17,562,580 in the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock worth $56,191,000 after buying an additional 1,272,254 shares during the last quarter. Norges Bank bought a new stake in PBF Energy during the fourth quarter worth approximately $20,896,000. Recurrent Investment Advisors LLC raised its position in PBF Energy by 154.0% during the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company's stock valued at $25,096,000 after purchasing an additional 573,161 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock valued at $39,628,000 after purchasing an additional 562,287 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after purchasing an additional 392,776 shares during the period. Hedge funds and other 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.