Q1 Earnings Forecast for PBF Energy Issued By Zacks Research

PBF Energy Inc. (NYSE:PBF - Free Report) - Research analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for PBF Energy in a research report issued on Wednesday, October 16th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $0.70 per share for the quarter, up from their previous forecast of $0.64. The consensus estimate for PBF Energy's current full-year earnings is ($0.05) per share.

Several other research analysts have also commented on PBF. Morgan Stanley cut their price objective on PBF Energy from $48.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. Mizuho dropped their price objective on shares of PBF Energy from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. BMO Capital Markets cut PBF Energy from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lowered their price target on PBF Energy from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.09.

PBF Energy Price Performance

PBF Energy stock traded up $1.22 during midday trading on Thursday, hitting $33.62. 3,249,844 shares of the company's stock were exchanged, compared to its average volume of 2,156,756. The company has a market cap of $3.99 billion, a P/E ratio of 2.24 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. The stock has a 50-day moving average price of $33.27 and a two-hundred day moving average price of $42.74. PBF Energy has a 52-week low of $30.17 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The firm had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share.

Institutional Trading of PBF Energy

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of PBF Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 11,700,449 shares of the oil and gas company's stock valued at $514,352,000 after purchasing an additional 69,422 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company's stock worth $64,489,000 after acquiring an additional 347,268 shares in the last quarter. LSV Asset Management lifted its stake in shares of PBF Energy by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company's stock valued at $59,409,000 after purchasing an additional 34,470 shares during the period. American Century Companies Inc. boosted its position in shares of PBF Energy by 3.4% during the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company's stock valued at $45,712,000 after purchasing an additional 32,862 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in PBF Energy by 14.8% in the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company's stock worth $29,883,000 after purchasing an additional 84,532 shares during the period. Institutional investors own 96.29% of the company's stock.

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $35.60 per share, for a total transaction of $1,780,000.00. Following the acquisition, the insider now directly owns 18,179,598 shares in the company, valued at approximately $647,193,688.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 3,952,300 shares of company stock valued at $129,050,026 in the last quarter. Insiders own 5.30% of the company's stock.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 2.97%. PBF Energy's payout ratio is currently 6.92%.

About PBF Energy

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.