FY2026 Earnings Estimate for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF - Free Report) - Equities researchers at Scotiabank lifted their FY2026 EPS estimates for PBF Energy in a note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now forecasts that the oil and gas company will post earnings per share of $3.35 for the year, up from their previous estimate of ($2.60). Scotiabank has a "Sector Perform" rating and a $34.00 price target on the stock. The consensus estimate for PBF Energy's current full-year earnings is $3.94 per share. Scotiabank also issued estimates for PBF Energy's FY2027 earnings at $2.80 EPS.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the firm earned ($2.82) earnings per share. The company's revenue for the quarter was down 2.9% on a year-over-year basis.

Other equities analysts have also issued research reports about the stock. TD Cowen dropped their price target on shares of PBF Energy from $41.00 to $36.00 and set a "sell" rating on the stock in a research report on Monday. Weiss Ratings reissued a "sell (d)" rating on shares of PBF Energy in a research report on Monday, December 29th. Tudor Pickering raised shares of PBF Energy from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Wall Street Zen lowered shares of PBF Energy from a "buy" rating to a "hold" rating in a research report on Saturday, April 18th. Finally, Citigroup lifted their price target on shares of PBF Energy from $29.00 to $36.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $35.38.

PBF Energy Trading Up 0.0%

NYSE:PBF opened at $40.75 on Tuesday. PBF Energy has a 12 month low of $16.20 and a 12 month high of $52.18. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -27.72, a P/E/G ratio of 0.26 and a beta of 0.25. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company's 50 day moving average is $42.02 and its 200-day moving average is $35.70.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, February 25th. PBF Energy's dividend payout ratio is presently -74.83%.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 1,100,000 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the completion of the transaction, the insider directly owned 22,996,898 shares in the company, valued at $1,062,686,656.58. This represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 11,051,825 shares of company stock worth $486,676,087. 5.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently bought and sold shares of PBF. Goldman Sachs Group Inc. raised its stake in PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company's stock valued at $171,595,000 after purchasing an additional 3,550,820 shares during the last quarter. Invesco Ltd. raised its stake in PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company's stock valued at $83,639,000 after purchasing an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC raised its stake in PBF Energy by 230.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company's stock valued at $45,183,000 after purchasing an additional 1,454,500 shares during the last quarter. Norges Bank acquired a new position in PBF Energy during the 4th quarter valued at $34,243,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in PBF Energy by 2,198.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company's stock valued at $36,577,000 after purchasing an additional 1,159,628 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.

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