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

PBF Energy (NYSE:PBFGet Free Report) will be announcing its 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 that wish to register for the company’s earnings conference call can do so using this link.

PBF Energy Stock Down 0.4 %

Shares of PBF stock opened at $53.11 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 1.58. PBF Energy has a fifty-two week low of $31.25 and a fifty-two week high of $56.38. The firm has a market capitalization of $6.49 billion, a PE ratio of 2.45 and a beta of 1.72. The stock’s 50-day simple moving average is $45.03 and its 200-day simple moving average is $46.97.

Analyst Ratings Changes

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

Read Our Latest Stock Report on PBF Energy

Insider Activity at PBF Energy

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

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of PBF Energy during the 4th quarter valued at $107,000. Diversified Trust Co purchased a new stake in PBF Energy during the third quarter valued at about $264,000. Creative Planning grew its stake in shares of PBF Energy by 7.2% during the third quarter. Creative Planning now owns 10,183 shares of the oil and gas company’s stock valued at $545,000 after buying an additional 684 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of PBF Energy in the third quarter worth about $287,000. Finally, Morgan Stanley lifted its position in PBF Energy by 40.0% in the third quarter. Morgan Stanley now owns 1,914,097 shares of the oil and gas company’s stock valued at $102,462,000 after purchasing an additional 546,691 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

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.

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Earnings History for PBF Energy (NYSE:PBF)

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