PBF Energy Inc. (NYSE:PBF) – US Capital Advisors raised their Q1 2018 earnings estimates for shares of PBF Energy in a research report issued to clients and investors on Thursday. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will earn $0.25 per share for the quarter, up from their prior estimate of $0.19. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for PBF Energy’s Q2 2018 earnings at $0.82 EPS and Q3 2018 earnings at $0.79 EPS.
A number of other research firms have also recently commented on PBF. Scotiabank set a $24.00 target price on shares of PBF Energy and gave the stock a “buy” rating in a report on Monday, June 26th. Citigroup Inc. dropped their target price on shares of PBF Energy from $37.50 to $33.50 and set a “buy” rating for the company in a report on Monday. Zacks Investment Research raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a report on Tuesday, June 20th. Finally, BidaskClub raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.39.
PBF Energy (PBF) traded up 1.70% during midday trading on Monday, reaching $22.13. 672,413 shares of the company’s stock traded hands. PBF Energy has a 52-week low of $18.48 and a 52-week high of $30.98. The company has a market cap of $2.43 billion, a P/E ratio of 13.24 and a beta of 1.40. The stock has a 50-day moving average of $21.62 and a 200 day moving average of $22.42.
PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.26. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.29 billion. PBF Energy had a net margin of 0.95% and a negative return on equity of 4.20%. The company’s quarterly revenue was up 69.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.65) EPS.
A number of hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in PBF Energy by 50.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after buying an additional 1,580 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in PBF Energy during the first quarter worth $113,000. Creative Planning increased its stake in PBF Energy by 92.7% in the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after buying an additional 2,503 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in PBF Energy during the second quarter worth $188,000. Finally, US Bancorp DE increased its stake in PBF Energy by 35.6% in the first quarter. US Bancorp DE now owns 8,928 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,346 shares in the last quarter.
In other news, insider Connor Thomas L. O bought 10,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $20.17 per share, with a total value of $201,700.00. Following the transaction, the insider now owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas J. Nimbley bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $19.69 per share, with a total value of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares in the company, valued at approximately $5,710,100. The disclosure for this purchase can be found here. 2.55% of the stock is owned by company insiders.
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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