In the last trading session, 2.3 million shares of the PBF Energy Inc (NYSE:PBF) were traded, and its beta was 0.82. Most recently the company’s share price was $15.10, and it changed around -$0.31 or -2.01% from the last close, which brings the market valuation of the company to $1.75B. PBF currently trades at a discount to its 52-week high of $60.97, offering almost -303.77% off that amount. The share price’s 52-week low was $13.61, which indicates that the current value has risen by an impressive 9.87% since then. We note from PBF Energy Inc’s average daily trading volume that its 10-day average is 5.05 million shares, with the 3-month average coming to 3.02 million.
PBF Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.31. If we narrow it down even further, the data shows that 2 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 11 recommended PBF as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. PBF Energy Inc is expected to report earnings per share of -2.77 for the current quarter.
PBF Energy Inc (NYSE:PBF) trade information
Instantly PBF has showed a red trend with a performance of -2.01% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.73 on recent trading dayincreased the stock’s daily price by 9.74%. The company’s shares are currently down -43.13% year-to-date, but still up 3.78% over the last five days. On the other hand, PBF Energy Inc (NYSE:PBF) is -27.19% down in the 30-day period. We can see from the shorts that 16.15 million shares have been sold at a short interest cover period of 5.81 day(s).
The consensus price target as assigned by Wall Street analysts is $23.5, which translates to bulls needing to increase their stock price by 35.74% from its current value. Analyst projections state that PBF is forecast to be at a low of $22 and a high of $25.
PBF Energy Inc (PBF) estimates and forecasts
The year-over-year growth rate is expected to be -11.32%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 6.62B in revenue for the current quarter. 9 analysts expect PBF Energy Inc to make 7.43B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 8.65B and 8.74B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.41%. Forecasts for the next quarter put sales growth at -14.92%.
PBF Dividends
PBF Energy Inc’s next quarterly earnings report is expected to be released on 2025-Feb-12. The annual dividend yield of the stock is 6.95 percent and its annual dividend per share was 1.05. It is important to note, however, that the 6.95% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.16 per year.
PBF Energy Inc (NYSE:PBF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.35% of PBF Energy Inc shares, and 76.79% of them are in the hands of institutional investors. The stock currently has a share float of 107.17%. PBF Energy Inc stock is held by 426.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.5569% of the shares, which is about 14.7 million shares worth $676.35 million.
VANGUARD GROUP INC, with 9.4235% or 11.3 million shares worth $519.82 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
