Scotiabank Estimates PBF Energy’s FY2026 Earnings (NYSE:PBF)

PBF Energy Inc. (NYSE:PBF) – Research analysts at Scotiabank dropped their FY2026 EPS estimates for shares of PBF Energy in a research report issued on Thursday, February 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings per share of ($2.60) for the year, down from their prior forecast of ($2.30). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2027 earnings at $0.40 EPS.

A number of other equities research analysts have also weighed in on the company. TD Cowen reaffirmed a “sell” rating on shares of PBF Energy in a report on Friday, October 31st. Citigroup lifted their price target on PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday. Wolfe Research downgraded PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a report on Monday, December 8th. Finally, Piper Sandler boosted their target price on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Reduce” and an average target price of $30.21.

PBF Energy Trading Up 1.4%

Shares of PBF Energy stock opened at $34.37 on Monday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -23.38, a price-to-earnings-growth ratio of 4.61 and a beta of 0.50. PBF Energy has a 52-week low of $13.61 and a 52-week high of $41.47. The company’s 50-day simple moving average is $31.03 and its 200-day simple moving average is $30.81. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the firm earned ($2.82) EPS. PBF Energy’s quarterly revenue was down 2.9% on a year-over-year basis.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. Torren Management LLC acquired a new stake in PBF Energy in the 4th quarter worth about $30,000. Deseret Mutual Benefit Administrators grew its holdings in PBF Energy by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares during the period. Los Angeles Capital Management LLC purchased a new stake in PBF Energy in the 4th quarter valued at about $31,000. Finally, Hantz Financial Services Inc. increased its stake in shares of PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PBF Energy

In other news, insider Control Empresarial De Capital sold 480,000 shares of PBF Energy stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $35.07, for a total transaction of $16,833,600.00. Following the completion of the transaction, the insider owned 29,583,498 shares of the company’s stock, valued at $1,037,493,274.86. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 2,385,879 shares of company stock valued at $82,719,180 in the last three months. Company insiders own 6.70% of the company’s stock.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, February 25th. PBF Energy’s payout ratio is presently -74.83%.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.