PBF Energy (PBF) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PBF Energy in the last twelve months. There are currently 5 hold ratings and 3 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.

8 Wall Street analysts have issued twelve-month target prices for PBF Energy's shares. Their PBF share price forecasts range from $35.00 to $65.00. On average, they expect the company's share price to reach $55.67 in the next year. This suggests a possible upside of 3.4% 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 on January 1st, 2023. Since then, PBF shares have increased by 32.1% and is now trading at $53.86.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PBF earnings forecast.

PBF Energy will be holding an earnings conference call on Thursday, November 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

PBF Energy Inc. (NYSE:PBF) announced its quarterly earnings data on Thursday, August, 3rd. The oil and gas company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.07. The oil and gas company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $8.93 billion. PBF Energy had a net margin of 7.36% and a trailing twelve-month return on equity of 42.15%. The business's revenue was down 34.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.58 earnings per share.

PBF Energy declared a quarterly dividend on Thursday, August 3rd. Investors of record on Thursday, August 17th will be paid a dividend of $0.20 per share on Thursday, August 31st. This represents a $0.80 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, August 16th.
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).

PBF Energy (NYSE:PBF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 3.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBF will have a dividend payout ratio of 10.80% 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.01%), Dimensional Fund Advisors LP (5.57%), State Street Corp (4.58%), Bank of New York Mellon Corp (2.74%), Geode Capital Management LLC (2.03%) and Northern Trust Corp (1.23%). 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.
Compare Top Brokerages Here.

One share of PBF stock can currently be purchased for approximately $53.86.

PBF Energy (NYSE:PBF) has a market capitalization of $6.66 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 $24.00 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.