FY2025 Earnings Estimate for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Equities research analysts at Scotiabank cut their FY2025 earnings per share estimates for PBF Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will post earnings per share of ($5.15) for the year, down from their previous 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.

Several other equities research analysts also recently issued reports on PBF. Piper Sandler lowered their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. UBS Group dropped their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley reduced their price objective on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Finally, The Goldman Sachs Group dropped 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. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.36.

PBF Energy Stock Performance

NYSE:PBF opened at $19.23 on Monday. The firm has a market capitalization of $2.22 billion, a PE ratio of -4.08 and a beta of 1.62. PBF Energy has a 1 year low of $18.97 and a 1 year 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 firm’s fifty day simple moving average is $24.98 and its 200 day simple moving average is $28.45.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate 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 company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is -23.35%.

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital purchased 155,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $20.20 per share, with a total value of $3,131,000.00. Following the purchase, the insider now directly owns 30,249,998 shares in the company, valued at $611,049,959.60. This represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 721,000 shares of company stock valued at $19,269,600 over the last quarter. 5.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its holdings in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares during the last quarter. Quarry LP bought a new stake in PBF Energy during the third quarter worth about $48,000. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth approximately $61,000. EverSource Wealth Advisors LLC raised its stake in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of PBF Energy in the 4th quarter worth approximately $68,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.