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

PBF Energy (NYSE:PBF) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.49). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. During the same quarter last year, the firm posted $4.41 EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. 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 Trading Down 0.3 %

NYSE PBF opened at $57.21 on Thursday. PBF Energy has a twelve month low of $31.25 and a twelve month high of $62.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 3.48 and a beta of 1.73. The firm’s 50 day moving average price is $54.12 and its two-hundred day moving average price is $48.60.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders 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 1.75%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s dividend payout ratio (DPR) is currently 6.08%.

Insider Transactions at PBF Energy

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of PBF Energy from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Mizuho lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $58.00 in a research report on Friday, March 22nd. Scotiabank boosted their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen boosted their target price on shares of PBF Energy from $35.00 to $41.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Finally, Piper Sandler boosted their target price on shares of PBF Energy from $50.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.55.

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.