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Why Acquire Shares Of PBF Energy Inc. (PBF)?

PBF Energy Inc. (NYSE:PBF) has a beta value of 2.17 and has seen 2.44 million shares traded in the last trading session. The company, currently valued at $3.68B, closed the last trade at $29.69 per share which meant it gained $1.41 on the day or 4.99% during that session. The PBF stock price is -48.6% off its 52-week high price of $44.12 and 67.63% above the 52-week low of $9.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.99 million shares traded. The 3-month trading volume is 2.74 million shares.

The consensus among analysts is that PBF Energy Inc. (PBF) is an Overweight stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $3.27.

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PBF Energy Inc. (NYSE:PBF) trade information

Sporting 4.99% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the PBF stock price touched $29.69 or saw a rise of 9.7%. Year-to-date, PBF Energy Inc. shares have moved 128.91%, while the 5-day performance has seen it change -5.54%. Over the past 30 days, the shares of PBF Energy Inc. (NYSE:PBF) have changed -17.04%. Short interest in the company has seen 11.85 million shares shorted with days to cover at 3.31.

Wall Street analysts have a consensus price target for the stock at $40.67, which means that the shares’ value could jump 27.0% from current levels. The projected low price target is $32.00 while the price target rests at a high of $49.00. In that case, then, we find that the current price level is -65.04% off the targeted high while a plunge would see the stock gain -7.78% from current levels.

PBF Energy Inc. (PBF) estimates and forecasts

Figures show that PBF Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 30.51% over the past 6 months, with this year growth rate of 898.40%, compared to 37.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 2,625.00% and -51.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 33.40%.

5 analysts offering their estimates for the company have set an average revenue estimate of $10.29 billion for the current quarter. 5 have an estimated revenue figure of $9.56 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $7.19 billion and $8.24 billion respectively for this quarter and the next, and analysts expect sales will grow by 43.20% for the current quarter and 16.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.70% over the past 5 years.

PBF Dividends

PBF Energy Inc. is expected to release its next earnings report between April 27 and May 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

PBF Energy Inc. (NYSE:PBF)’s Major holders

Insiders own 9.85% of the company shares, while shares held by institutions stand at 80.89% with a share float percentage of 89.72%. Investors are also buoyed by the number of investors in a company, with PBF Energy Inc. having a total of 345 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 16.56 million shares worth more than $403.6 million. As of Mar 30, 2022, Blackrock Inc. held 13.58% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 12.27 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $298.92 million and represent 10.06% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and First Trust NASDAQ Oil & Gas ETF. As of Jun 29, 2022, the former fund manager holds about 5.55% shares in the company for having 6.76 million shares of worth $196.22 million while later fund manager owns 2.88 million shares of worth $83.51 million as of Jun 29, 2022, which makes it owner of about 2.36% of company’s outstanding stock.

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