PBF Energy (PBF) Scheduled to Post Earnings on Thursday

PBF Energy (NYSE:PBFGet Free Report) will post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect PBF Energy to post earnings of $0.18 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

PBF Energy Price Performance

Shares of PBF opened at $52.54 on Thursday. The firm has a market capitalization of $6.42 billion, a PE ratio of 2.42 and a beta of 1.72. The company’s 50-day moving average is $44.52 and its 200-day moving average is $46.81. PBF Energy has a fifty-two week low of $31.25 and a fifty-two week high of $56.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 0.85.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital acquired 486,000 shares of the stock in a transaction on Friday, January 12th. The stock was purchased at an average price of $42.48 per share, for a total transaction of $20,645,280.00. Following the completion of the transaction, the insider now owns 13,062,998 shares of the company’s stock, valued at approximately $554,916,155.04. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Trecia M. Canty sold 10,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $46.69, for a total transaction of $466,900.00. Following the sale, the senior vice president now directly owns 89,587 shares of the company’s stock, valued at $4,182,817.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Control Empresarial De Capital bought 486,000 shares of the stock in a transaction on Friday, January 12th. The stock was purchased at an average cost of $42.48 per share, for a total transaction of $20,645,280.00. Following the acquisition, the insider now owns 13,062,998 shares of the company’s stock, valued at approximately $554,916,155.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,268,200 shares of company stock valued at $54,251,872. 5.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PBF. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of PBF Energy in the 1st quarter worth approximately $48,000. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy in the first quarter valued at about $76,000. Penserra Capital Management LLC acquired a new stake in PBF Energy in the third quarter valued at approximately $87,000. Fortis Capital Advisors LLC purchased a new position in PBF Energy during the fourth quarter worth approximately $132,000. Finally, Neo Ivy Capital Management acquired a new stake in PBF Energy during the second quarter worth $169,000. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBF. Mizuho upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, January 3rd. Citigroup assumed coverage on shares of PBF Energy in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. StockNews.com lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Piper Sandler reiterated a “neutral” rating and issued a $50.00 price objective (down previously from $65.00) on shares of PBF Energy in a report on Monday, January 8th. Finally, UBS Group lowered their price target on shares of PBF Energy from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, December 7th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PBF Energy has an average rating of “Hold” and an average price target of $56.00.

Get Our Latest Research Report on PBF

PBF Energy Company Profile

(Get Free Report)

PBF Energy Inc, together with 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.

Recommended Stories

Earnings History for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.