PBF Energy (PBF) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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9 brokerages have issued 12 month price objectives for PBF Energy's shares. Their PBF share price forecasts range from $27.00 to $61.00. On average, they anticipate the company's share price to reach $45.27 in the next twelve months. This suggests a possible upside of 9.9% 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 2023. Since then, PBF shares have increased by 1.0% and is now trading at $41.20.
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PBF Energy saw a decline in short interest in May. As of May 15th, there was short interest totaling 11,200,000 shares, a decline of 28.9% from the April 30th total of 15,760,000 shares. Based on an average daily volume of 3,140,000 shares, the short-interest ratio is currently 3.6 days. Currently, 10.0% of the company's shares are sold short.
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) released its quarterly earnings data on Friday, May, 5th. The oil and gas company reported $2.76 earnings per share (EPS) for the quarter, beating 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 firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share.

PBF Energy announced a quarterly dividend on Friday, May 5th. Shareholders of record on Wednesday, May 17th will be paid 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 1.94%. 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), First Trust Dorsey Wright Momentum & Value ETF (DVLU), 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) and First Trust Nasdaq Oil & Gas ETF (FTXN).

PBF Energy (NYSE:PBF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.96%. 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 11.49% 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 a variety of institutional and retail 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.
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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 $41.20.

PBF Energy (NYSE:PBF) has a market capitalization of $5.20 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.