What is Scotiabank's Forecast for PBF Energy Q2 Earnings?

PBF Energy Inc. (NYSE:PBF - Free Report) - Equities researchers at Scotiabank issued their Q2 2025 earnings per share estimates for shares of PBF Energy in a research note issued to investors on Monday, July 14th. Scotiabank analyst P. Cheng anticipates that the oil and gas company will post earnings per share of ($1.17) for the quarter. Scotiabank currently has a "Sector Perform" rating and a $25.00 price target on the stock. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy's Q3 2025 earnings at ($1.67) EPS, Q4 2025 earnings at ($1.04) EPS and FY2025 earnings at ($6.97) EPS.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, topping the consensus estimate of ($3.50) by $0.41. The business had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 15.67% and a negative net margin of 3.30%. The business's quarterly revenue was down 18.3% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS.

Other research analysts have also issued reports about the company. The Goldman Sachs Group cut their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Morgan Stanley lifted their target price on PBF Energy from $20.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Piper Sandler dropped their target price on PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. UBS Group raised PBF Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their target price on PBF Energy from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Seven research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, PBF Energy presently has a consensus rating of "Hold" and a consensus target price of $25.00.

PBF Energy Stock Down 0.6%

NYSE:PBF traded down $0.14 during mid-day trading on Thursday, hitting $24.84. The company had a trading volume of 2,900,242 shares, compared to its average volume of 2,739,640. The business has a fifty day simple moving average of $22.02 and a 200-day simple moving average of $22.25. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.43. PBF Energy has a 1 year low of $13.62 and a 1 year high of $42.64. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -2.73 and a beta of 0.84.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 4.43%. PBF Energy's dividend payout ratio (DPR) is -12.09%.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 48,500 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the completion of the purchase, the insider owned 30,823,498 shares of the company's stock, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.30% of the company's stock.

Hedge Funds Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of PBF. T. Rowe Price Investment Management Inc. boosted its stake in PBF Energy by 170.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company's stock valued at $109,364,000 after acquiring an additional 3,612,447 shares during the period. Norges Bank acquired a new position in PBF Energy in the fourth quarter valued at approximately $20,896,000. Nuveen LLC acquired a new position in PBF Energy in the first quarter valued at approximately $13,600,000. Deutsche Bank AG boosted its stake in PBF Energy by 697.2% in the first quarter. Deutsche Bank AG now owns 784,515 shares of the oil and gas company's stock valued at $14,976,000 after acquiring an additional 686,103 shares during the period. Finally, Recurrent Investment Advisors LLC raised its holdings in shares of 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 buying an additional 573,161 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.