Analysts Issue Forecasts for PBF Energy Q4 Earnings

PBF Energy Inc. (NYSE:PBF) – Stock analysts at Zacks Research issued their Q4 2024 earnings per share estimates for shares of PBF Energy in a research report issued to clients and investors on Wednesday, October 16th. Zacks Research analyst R. Department expects that the oil and gas company will post earnings of ($0.40) per share for the quarter. The consensus estimate for PBF Energy’s current full-year earnings is ($0.48) per share. Zacks Research also issued estimates for PBF Energy’s Q1 2025 earnings at ($0.27) EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $1.21 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.43 EPS and FY2026 earnings at $2.08 EPS.

Several other research analysts have also issued reports on the stock. Scotiabank reduced their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Mizuho cut their price target on PBF Energy from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. UBS Group decreased their price objective on PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, BMO Capital Markets lowered PBF Energy from an “outperform” rating to a “market perform” rating and cut their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.09.

PBF Energy Trading Up 0.2 %

Shares of PBF opened at $33.70 on Friday. The stock’s fifty day simple moving average is $33.12 and its 200-day simple moving average is $42.51. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.95 billion, a PE ratio of 5.61 and a beta of 1.55. PBF Energy has a 12-month low of $30.17 and a 12-month high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The firm had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PBF. Banque Cantonale Vaudoise boosted its stake in shares of PBF Energy by 10.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC grew its stake in PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of PBF Energy by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after purchasing an additional 359 shares in the last quarter. US Bancorp DE boosted its holdings in shares of PBF Energy by 5.3% in the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 395 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in shares of PBF Energy in the first quarter valued at $27,000. Institutional investors own 96.29% of the company’s stock.

Insider Activity

In other news, insider Control Empresarial De Capital bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $35.60 per share, with a total value of $1,780,000.00. Following the transaction, the insider now owns 18,179,598 shares in the company, valued at $647,193,688.80. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 3,952,300 shares of company stock worth $129,050,026 over the last three months. Corporate insiders own 6.20% of the company’s stock.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio is 16.64%.

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.