FY2025 Earnings Estimate for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Equities researchers at Scotiabank dropped their FY2025 EPS estimates for PBF Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings of ($5.15) per share for the year, down from their prior forecast of ($2.20). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2026 earnings at $1.00 EPS.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion.

A number of other research analysts have also recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. TD Cowen reduced their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley reduced their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Piper Sandler reduced their target price on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. reduced their target price 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. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.36.

PBF Energy Trading Down 5.1 %

NYSE PBF opened at $20.78 on Monday. The company’s fifty day simple moving average is $25.39 and its 200-day simple moving average is $28.64. PBF Energy has a 52 week low of $18.97 and a 52 week high of $62.88. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.40 billion, a P/E ratio of -4.41 and a beta of 1.62.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.29%. PBF Energy’s payout ratio is -23.35%.

Insider Buying and Selling at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital bought 155,000 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $20.20 per share, for a total transaction of $3,131,000.00. Following the completion of the purchase, the insider now directly owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 721,000 shares of company stock worth $19,269,600 over the last 90 days. Insiders own 5.30% of the company’s stock.

Institutional Trading of PBF Energy

Several institutional investors have recently added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. increased its stake in PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock valued at $56,191,000 after purchasing an additional 1,272,254 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the last quarter. Norges Bank bought a new position in shares of PBF Energy during the fourth quarter worth about $20,896,000. Recurrent Investment Advisors LLC grew its position in shares of PBF Energy by 154.0% during the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock worth $25,096,000 after acquiring an additional 573,161 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after acquiring an additional 562,287 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

About PBF Energy

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.