PBF Energy Inc (NYSE:PBF) – Equities research analysts at US Capital Advisors issued their Q1 2021 earnings per share estimates for PBF Energy in a note issued to investors on Tuesday, January 21st. US Capital Advisors analyst C. Weiland forecasts that the oil and gas company will earn $0.27 per share for the quarter. US Capital Advisors also issued estimates for PBF Energy’s Q2 2021 earnings at $1.96 EPS, Q3 2021 earnings at $1.94 EPS, Q4 2021 earnings at $0.14 EPS and FY2021 earnings at $4.31 EPS.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.29 billion. PBF Energy had a negative net margin of 0.36% and a positive return on equity of 4.77%. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share.
PBF has been the topic of a number of other research reports. Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. ValuEngine lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Cowen upgraded shares of PBF Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $42.00 in a research note on Monday, October 21st. Raymond James reiterated an “outperform” rating and issued a $39.00 price objective (up previously from $34.00) on shares of PBF Energy in a research note on Friday, November 1st. Finally, Barclays assumed coverage on shares of PBF Energy in a research note on Tuesday, January 14th. They issued an “overweight” rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $37.20.
NYSE:PBF opened at $28.11 on Thursday. The firm has a market capitalization of $3.37 billion, a P/E ratio of -36.04, a PEG ratio of 0.98 and a beta of 1.58. PBF Energy has a 1-year low of $21.09 and a 1-year high of $37.03. The company’s fifty day moving average price is $31.09 and its 200-day moving average price is $28.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.56 and a quick ratio of 0.64.
In other news, insider Carso S.A. De C.V. Inversora purchased 5,028 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $32.56 per share, for a total transaction of $163,711.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 3,058,181 shares of company stock worth $94,124,536. 3.50% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in PBF Energy by 29.9% during the second quarter. Invesco Ltd. now owns 2,297,906 shares of the oil and gas company’s stock valued at $71,924,000 after buying an additional 528,380 shares during the period. Phoenix Holdings Ltd. acquired a new stake in PBF Energy during the third quarter valued at $29,220,000. Nuveen Asset Management LLC acquired a new stake in PBF Energy during the second quarter valued at $32,081,000. Prudential PLC grew its position in PBF Energy by 9.7% during the second quarter. Prudential PLC now owns 1,016,100 shares of the oil and gas company’s stock valued at $31,804,000 after buying an additional 90,000 shares during the period. Finally, River Road Asset Management LLC grew its position in PBF Energy by 21.4% during the third quarter. River Road Asset Management LLC now owns 886,262 shares of the oil and gas company’s stock valued at $24,097,000 after buying an additional 156,118 shares during the period. Institutional investors own 79.69% of the company’s stock.
About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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