PBF Energy (PBF) Scheduled to Post Earnings on Thursday

PBF Energy (NYSE:PBF - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.49). PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. During the same quarter last year, the firm earned $4.41 earnings per share. PBF Energy's revenue was down 15.7% compared to the same quarter last year. On average, analysts expect PBF Energy to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

PBF Energy Stock Performance

NYSE:PBF traded up $0.29 during midday trading on Thursday, reaching $57.47. The stock had a trading volume of 1,086,532 shares, compared to its average volume of 2,168,930. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.81. PBF Energy has a 1-year low of $31.25 and a 1-year high of $62.88. The firm's fifty day simple moving average is $54.12 and its 200-day simple moving average is $48.60. The stock has a market capitalization of $6.87 billion, a P/E ratio of 3.48 and a beta of 1.73.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, February 28th. PBF Energy's dividend payout ratio (DPR) is 6.08%.

Insider Activity

In other news, SVP Paul T. Davis sold 100,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the sale, the senior vice president now directly owns 110,978 shares of the company's stock, valued at $6,255,829.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PBF Energy news, SVP Paul T. Davis sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the transaction, the senior vice president now directly owns 110,978 shares of the company's stock, valued at $6,255,829.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Connor Thomas L. O sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the completion of the transaction, the senior vice president now directly owns 160,338 shares in the company, valued at $8,829,813.66. The disclosure for this sale can be found here. Insiders have sold 180,000 shares of company stock valued at $10,074,600 over the last three months. 5.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PBF has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of PBF Energy from $39.00 to $56.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Citigroup began coverage on shares of PBF Energy in a report on Wednesday, January 24th. They set a "neutral" rating for the company. Bank of America raised shares of PBF Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $52.00 to $74.00 in a research report on Friday, March 15th. Mizuho lowered shares of PBF Energy from a "buy" rating to a "neutral" rating and upped their price objective for the company from $53.00 to $58.00 in a research report on Friday, March 22nd. Finally, Piper Sandler upped their price objective on shares of PBF Energy from $50.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, PBF Energy currently has an average rating of "Hold" and a consensus target price of $57.55.

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.