PBF Energy Inc (NYSE:PBF) – Equities research analysts at Piper Jaffray Companies decreased their Q1 2019 EPS estimates for shares of PBF Energy in a research note issued on Tuesday, February 19th. Piper Jaffray Companies analyst B. Fernandez now expects that the oil and gas company will earn ($0.33) per share for the quarter, down from their previous estimate of ($0.09). Piper Jaffray Companies currently has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for PBF Energy’s Q2 2019 earnings at $1.10 EPS, FY2019 earnings at $1.88 EPS, Q1 2020 earnings at $0.27 EPS and FY2020 earnings at $4.49 EPS.
A number of other brokerages have also weighed in on PBF. Raymond James reduced their price target on shares of PBF Energy from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday, December 31st. Barclays reaffirmed a “buy” rating and issued a $62.00 price target on shares of PBF Energy in a research note on Friday, January 11th. Goldman Sachs Group lowered shares of PBF Energy from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $35.00 to $34.00 in a research note on Friday, January 25th. ValuEngine raised shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Morgan Stanley raised shares of PBF Energy from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $50.00 to $48.00 in a research note on Wednesday, January 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.18.
Shares of NYSE:PBF opened at $35.77 on Thursday. The company has a market capitalization of $4.22 billion, a PE ratio of 10.84, a P/E/G ratio of 0.72 and a beta of 1.40. PBF Energy has a twelve month low of $29.09 and a twelve month high of $53.91. The company has a quick ratio of 0.83, a current ratio of 1.79 and a debt-to-equity ratio of 0.60.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. The company had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.62 billion. PBF Energy had a net margin of 0.47% and a return on equity of 11.97%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC raised its holdings in shares of PBF Energy by 675.4% in the 4th quarter. Penserra Capital Management LLC now owns 3,784 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 3,296 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of PBF Energy by 172.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,908 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 2,475 shares in the last quarter. First Foundation Advisors bought a new stake in shares of PBF Energy in the 3rd quarter worth approximately $207,000. Great Lakes Advisors LLC bought a new stake in shares of PBF Energy in the 3rd quarter worth approximately $221,000. Finally, Calamos Advisors LLC bought a new stake in shares of PBF Energy in the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 93.18% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 28th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. PBF Energy’s payout ratio is currently 36.81%.
PBF Energy Company Profile
PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through 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.
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