During the recent session, PBF Energy Inc (NYSE:PBF)’s traded shares were 0.49 million, with the beta value of the company hitting 1.57. At the last check today, the stock’s price was $22.69, reflecting an intraday loss of -2.22% or -$0.52. The 52-week high for the PBF share is $62.88, that puts it down -177.13 from that peak though still a striking 2.91% gain since the share price plummeted to a 52-week low of $22.03. The company’s market capitalization is $2.61B, and the average intraday trading volume over the past 10 days was 2.59 million shares, and the average trade volume was 2.12 million shares over the past three months.
PBF Energy Inc (PBF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.44. PBF has a Sell rating from 1 analyst(s) out of 25 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.46.
PBF Energy Inc (NYSE:PBF) trade information
PBF Energy Inc (PBF) registered a -2.22% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.22% in intraday trading to $22.69, hitting a weekly high. The stock’s 5-day price performance is -18.42%, and it has moved by -27.52% in 30 days. Based on these gigs, the overall price performance for the year is -56.75%. The short interest in PBF Energy Inc (NYSE:PBF) is 11.74 million shares and it means that shorts have 5.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $33, which implies an increase of 31.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $38 respectively. As a result, PBF is trading at a discount of -67.47% off the target high and -10.18% off the low.
PBF Energy Inc (PBF) estimates and forecasts
In the rating firms’ projections, revenue will decrease -11.35% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.48B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 7.2B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.65B and 8.74B respectively. In this case, analysts expect current quarter sales to shrink by -25.02% and then drop by -17.64% in the coming quarter.
While earnings are projected to return 65.39% in 2025.
PBF Dividends
PBF Energy Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for PBF Energy Inc is 1.02, with the dividend yield indicating at 4.52 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.16%.
PBF Energy Inc (NYSE:PBF)’s Major holders
PBF Energy Inc insiders own 27.40% of total outstanding shares while institutional holders control 79.85%, with the float percentage being 109.98%. BLACKROCK INC. is the largest shareholder of the company, while 455.0 institutions own stock in it. As of 2024-06-30, the company held over 14.7 million shares (or 12.2613% of all shares), a total value of $676.35 million in shares.
The next largest institutional holding, with 11.3 million shares, is of VANGUARD GROUP INC’s that is approximately 9.4235% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $519.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of PBF Energy Inc (PBF) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 30, 2024 indicates that iShares Core S&P Midcap ETF owns about 3.2 shares. This amounts to just over 2.78 percent of the company’s overall shares, with a $73.14 million market value. The same data shows that the other fund manager holds slightly less at 2.96, or about 2.57% of the stock, which is worth about $67.69 million.
