PBF Energy Inc (NYSE:PBF) – Stock analysts at US Capital Advisors decreased their Q2 2018 earnings per share (EPS) estimates for PBF Energy in a research note issued on Wednesday. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will earn $1.04 per share for the quarter, down from their prior forecast of $1.08. US Capital Advisors also issued estimates for PBF Energy’s Q3 2018 earnings at $1.57 EPS and Q4 2018 earnings at $0.37 EPS.
PBF has been the topic of a number of other reports. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Saturday, December 23rd. Morgan Stanley downgraded shares of PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research note on Thursday, January 11th. Royal Bank of Canada reiterated a “hold” rating and set a $30.00 price objective on shares of PBF Energy in a research note on Tuesday, November 7th. Goldman Sachs Group downgraded shares of PBF Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 28th. Finally, Tudor Pickering upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.90.
PBF Energy (NYSE PBF) opened at $30.67 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50. The company has a market cap of $3,374.80, a PE ratio of 26.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22. PBF Energy has a one year low of $18.48 and a one year high of $37.01.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. PBF Energy had a return on equity of 5.16% and a net margin of 1.91%. PBF Energy’s revenue was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.71) earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%. PBF Energy’s dividend payout ratio is presently 32.52%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in PBF Energy by 3.0% during the fourth quarter. BlackRock Inc. now owns 9,293,993 shares of the oil and gas company’s stock valued at $329,471,000 after acquiring an additional 268,354 shares during the last quarter. State Street Corp lifted its position in PBF Energy by 48.0% during the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after acquiring an additional 1,611,707 shares during the last quarter. Bank of New York Mellon Corp lifted its position in PBF Energy by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 2,018,212 shares of the oil and gas company’s stock valued at $55,722,000 after acquiring an additional 50,806 shares during the last quarter. Russell Investments Group Ltd. lifted its position in PBF Energy by 4.6% during the third quarter. Russell Investments Group Ltd. now owns 1,586,499 shares of the oil and gas company’s stock valued at $43,801,000 after acquiring an additional 70,456 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in PBF Energy during the fourth quarter valued at approximately $55,967,000. Hedge funds and other institutional investors own 97.39% of the company’s stock.
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PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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