Zacks Research Weighs in on PBF Energy Q4 Earnings

PBF Energy Inc. (NYSE:PBF - Free Report) - Analysts at Zacks Research issued their Q4 2024 earnings per share estimates for PBF Energy in a report issued on Wednesday, October 16th. Zacks Research analyst R. Department forecasts that the oil and gas company will earn ($0.40) per share for the quarter. The consensus estimate for PBF Energy's current full-year earnings is ($0.48) per share. Zacks Research also issued estimates for PBF Energy's Q1 2025 earnings at ($0.27) EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $1.21 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $2.08 EPS.

Several other research firms have also issued reports on PBF. The Goldman Sachs Group reduced 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. Morgan Stanley decreased their target price on PBF Energy from $48.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, September 16th. Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Tudor Pickering upgraded shares of PBF Energy to a "strong sell" rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. lowered shares of PBF Energy from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.09.

PBF Energy Trading Up 0.2 %

PBF stock traded up $0.08 during midday trading on Friday, reaching $33.70. The company's stock had a trading volume of 1,930,248 shares, compared to its average volume of 2,384,699. The business's 50-day simple moving average is $33.12 and its 200-day simple moving average is $42.51. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. PBF Energy has a 52 week low of $30.17 and a 52 week high of $62.88. The stock has a market cap of $3.95 billion, a PE ratio of 5.61 and a beta of 1.55.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The business 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% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS.

Institutional Trading of PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 224 shares during the last quarter. National Bank of Canada FI acquired a new position in PBF Energy during the second quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in PBF Energy during the first quarter worth approximately $27,000. CWM LLC raised its stake in PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock valued at $50,000 after buying an additional 569 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of PBF Energy by 1,291.1% in 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. 96.29% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Control Empresarial De Capital bought 50,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $35.60 per share, for a total transaction of $1,780,000.00. Following the completion of the acquisition, the insider now owns 18,179,598 shares of the company's stock, valued at approximately $647,193,688.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased 3,952,300 shares of company stock worth $129,050,026 in the last quarter. Corporate insiders own 6.20% of the company's stock.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. PBF Energy's dividend payout ratio is 16.64%.

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.