PBF Energy (PBF) Set to Announce Quarterly Earnings on Thursday

PBF Energy (NYSE:PBF) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect PBF Energy to post earnings of $0.59 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.65 billion. PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. PBF Energy’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.41 EPS. On average, analysts expect PBF Energy to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

PBF Energy Stock Performance

Shares of NYSE:PBF opened at $53.25 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $54.77 and its 200 day moving average is $48.88. PBF Energy has a 12 month low of $31.25 and a 12 month high of $62.88. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.24 and a beta of 1.73.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s dividend payout ratio is currently 6.08%.

Wall Street Analyst Weigh In

PBF has been the topic of several research reports. Piper Sandler lifted their price objective on shares of PBF Energy from $50.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 5th. TD Cowen lifted their price objective on PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on shares of PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Mizuho cut shares of PBF Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $58.00 in a research report on Friday, March 22nd. Finally, Scotiabank increased their price target on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus target price of $57.55.

Insider Buying and Selling

In other PBF Energy news, SVP Connor Thomas L. O sold 40,000 shares of PBF Energy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total transaction of $2,202,800.00. Following the transaction, the senior vice president now owns 160,338 shares of the company’s stock, valued at $8,829,813.66. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Paul T. Davis sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $56.37, for a total value of $5,637,000.00. Following the completion of the sale, the senior vice president now owns 110,978 shares in the company, valued at $6,255,829.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $55.07, for a total value of $2,202,800.00. Following the sale, the senior vice president now directly owns 160,338 shares in the company, valued at approximately $8,829,813.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,000 shares of company stock worth $10,074,600. Corporate insiders own 6.20% of the company’s stock.

PBF Energy Company Profile

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.