PBF Energy (PBF) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PBF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PBF, but not buy additional shares or sell existing shares.
View PBF analyst ratings or view top-rated stocks.

9 equities research analysts have issued twelve-month price objectives for PBF Energy's shares. Their PBF share price forecasts range from $27.00 to $61.00. On average, they predict the company's stock price to reach $45.08 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts price targets for PBF or view top-rated stocks among Wall Street analysts.

PBF Energy's stock was trading at $40.78 at the beginning of the year. Since then, PBF stock has decreased by 3.8% and is now trading at $39.25.
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PBF Energy saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 11,200,000 shares, a decrease of 28.9% from the April 30th total of 15,760,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 10.0% of the company's stock are short sold.
View PBF Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PBF earnings forecast.

PBF Energy Inc. (NYSE:PBF) issued its earnings results on Friday, May, 5th. The oil and gas company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.65 by $0.11. The oil and gas company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.39 billion. PBF Energy had a trailing twelve-month return on equity of 69.19% and a net margin of 6.98%. The business's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share.

PBF Energy announced a quarterly dividend on Friday, May 5th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.20 per share on Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for PBF.

ETFs with the largest weight of PBF Energy (NYSE:PBF) stock in their portfolio include Invesco DWA Energy Momentum ETF (PXI), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Growth ETF (RFG), VanEck Oil Refiners ETF (CRAK), Invesco Dynamic Energy Exploration & Production ETF (PXE), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), First Trust Nasdaq Oil & Gas ETF (FTXN) and Invesco S&P MidCap 400 Revenue ETF (RWK).

PBF Energy (NYSE:PBF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.04%. The dividend payout ratio is 3.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBF will have a dividend payout ratio of 11.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBF.

38 employees have rated PBF Energy Chief Executive Officer Thomas J. Nimbley on Glassdoor.com. Thomas J. Nimbley has an approval rating of 56% among the company's employees. This puts Thomas J. Nimbley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PBF Energy investors own include Energy Transfer (ET), AT&T (T), Valero Energy (VLO), Ford Motor (F), Walt Disney (DIS), Micron Technology (MU), NVIDIA (NVDA), Pfizer (PFE), Intel (INTC) and Netflix (NFLX).

PBF Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBF."

PBF Energy's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.74%), Dimensional Fund Advisors LP (5.21%), State Street Corp (4.64%), Bank of New York Mellon Corp (2.65%), Arrowstreet Capital Limited Partnership (2.38%) and Geode Capital Management LLC (2.00%). Insiders that own company stock include C Erik Young, Connor Thomas L O, Control Empresarial De Capital, John C Barone, Paul T Davis, Thomas J Nimbley and Trecia M Canty.
View institutional ownership trends.

Shares of PBF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PBF stock can currently be purchased for approximately $39.25.

PBF Energy (NYSE:PBF) has a market capitalization of $4.95 billion and generates $46.83 billion in revenue each year. The oil and gas company earns $2.88 billion in net income (profit) each year or $25.77 on an earnings per share basis.

The company employs 3,616 workers across the globe.

PBF Energy's mailing address is 1 SYLVAN WAY SECOND FLOOR, PARSIPPANY NJ, 07054. The official website for the company is www.pbfenergy.com. The oil and gas company can be reached via phone at (973) 455-7500 or via email at ir@pbfenergy.com.