PBF Energy (PBF) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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9 brokers have issued twelve-month price targets for PBF Energy's shares. Their PBF share price targets range from $49.00 to $65.00. On average, they anticipate the company's stock price to reach $57.78 in the next twelve months. This suggests a possible upside of 41.0% from the stock's current price.
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PBF Energy's stock was trading at $40.78 at the beginning of 2023. Since then, PBF shares have increased by 0.5% and is now trading at $40.98.
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PBF Energy saw a drop in short interest in November. As of November 15th, there was short interest totaling 8,750,000 shares, a drop of 21.2% from the October 31st total of 11,110,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 8.1% of the shares of the stock are sold short.
View PBF Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our PBF earnings forecast.

PBF Energy will be holding an earnings conference call on Thursday, February 15th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

PBF Energy Inc. (NYSE:PBF) released its quarterly earnings data on Thursday, November, 2nd. The oil and gas company reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $4.86 by $1.75. The oil and gas company earned $10.73 billion during the quarter, compared to analysts' expectations of $9.84 billion. PBF Energy had a net margin of 7.06% and a trailing twelve-month return on equity of 36.11%.

PBF Energy declared a quarterly dividend on Thursday, November 2nd. Investors of record on Wednesday, November 15th will be given a dividend of $0.25 per share on Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for PBF.

PBF Energy (NYSE:PBF) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.45%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBF will have a dividend payout ratio of 13.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBF.

ETFs with the largest weight of PBF Energy (NYSE:PBF) stock in their portfolio include Invesco Dorsey Wright Energy Momentum ETF (PXI), VanEck Oil Refiners ETF (CRAK), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Invesco Energy Exploration & Production ETF (PXE), Cambria Value and Momentum ETF (VAMO), SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco S&P MidCap 400 Revenue ETF (RWK).

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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (2.70%), Morgan Stanley (1.57%), Northern Trust Corp (1.24%), Invesco Ltd. (1.18%), Assetmark Inc. (1.14%) and Charles Schwab Investment Management Inc. (1.13%). Insiders that own company stock include C Erik Young, Connor Thomas L O, Control Empresarial De Capital, John C Barone, Paul T Davis 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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