Q1 Earnings Forecast for PBF Energy Issued By Zacks Research

PBF Energy Inc. (NYSE:PBF - Free Report) - Equities researchers at Zacks Research raised their Q1 2027 EPS estimates for PBF Energy in a research note issued on Tuesday, April 29th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share.

PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. PBF Energy's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS.

A number of other brokerages also recently issued reports on PBF. JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler dropped their price objective on shares of PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday. The Goldman Sachs Group cut their target price on PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Morgan Stanley decreased their price objective on PBF Energy from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Mizuho dropped their price target on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.82.

PBF Energy Trading Up 6.6 %

Shares of PBF Energy stock traded up $1.16 during midday trading on Wednesday, reaching $18.69. The company had a trading volume of 2,009,011 shares, compared to its average volume of 2,431,832. The stock has a fifty day moving average price of $18.20 and a 200 day moving average price of $25.17. PBF Energy has a fifty-two week low of $13.62 and a fifty-two week high of $52.90. The firm has a market cap of $2.16 billion, a PE ratio of -3.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Thursday, May 15th. PBF Energy's dividend payout ratio (DPR) is presently -12.09%.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital purchased 150,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were purchased at an average cost of $28.70 per share, with a total value of $4,305,000.00. Following the completion of the acquisition, the insider now owns 29,505,998 shares in the company, valued at $846,822,142.60. This represents a 0.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired 481,000 shares of company stock valued at $10,380,180 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in PBF Energy during the third quarter worth about $1,642,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of PBF Energy by 35.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company's stock worth $1,801,000 after purchasing an additional 14,892 shares in the last quarter. Fortitude Family Office LLC raised its stake in PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. West Oak Capital LLC lifted its position in PBF Energy by 6,069.5% during the fourth quarter. West Oak Capital LLC now owns 12,339 shares of the oil and gas company's stock valued at $328,000 after purchasing an additional 12,139 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in PBF Energy by 1,484.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,006 shares of the oil and gas company's stock worth $159,000 after buying an additional 5,627 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.