PBF Energy Inc. (NYSE:PBF) Receives $50.15 Average Price Target from Analysts

PBF Energy Inc. (NYSE:PBF) has been assigned a consensus recommendation of “Reduce” from the sixteen research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $50.1538.

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Evercore initiated coverage on shares of PBF Energy in a research note on Friday, July 17th. They issued an “in-line” rating and a $58.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Scotiabank raised their price objective on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd.

Insiders Place Their Bets

In related news, CEO Matthew C. Lucey sold 225,473 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $71.92, for a total value of $16,216,018.16. Following the completion of the transaction, the chief executive officer directly owned 495,771 shares of the company’s stock, valued at approximately $35,655,850.32. This trade represents a 31.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Control Empresarial De Capital sold 570,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00. Following the completion of the transaction, the insider directly owned 17,142,128 shares of the company’s stock, valued at $794,709,054.08. This represents a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,099,021 shares of company stock valued at $293,359,045 in the last 90 days. 5.50% of the stock is currently owned by insiders.

Institutional Trading of PBF Energy

Large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of PBF Energy by 81.7% in the fourth quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock valued at $1,840,000 after buying an additional 30,430 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after acquiring an additional 3,550,820 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of PBF Energy by 351.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock worth $7,200,000 after acquiring an additional 206,666 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $1,485,000. Finally, Jefferies Financial Group Inc. raised its stake in PBF Energy by 7,210.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock valued at $17,037,000 after acquiring an additional 619,622 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Trading Down 3.3%

NYSE PBF opened at $71.88 on Tuesday. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.08 and a beta of 0.10. The stock’s 50 day moving average price is $54.37 and its two-hundred day moving average price is $45.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. PBF Energy has a 52 week low of $22.13 and a 52 week high of $74.74.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm posted ($1.03) EPS. The business’s revenue was up 56.2% on a year-over-year basis. As a group, analysts anticipate that PBF Energy will post 15.74 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

More PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
• Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
• Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.