Q2 2018 EPS Estimates for PBF Energy Inc (PBF) Reduced by US Capital Advisors

PBF Energy Inc (NYSE:PBF) – Equities research analysts at US Capital Advisors dropped their Q2 2018 earnings per share (EPS) estimates for PBF Energy in a research note issued on Wednesday. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will earn $1.04 per share for the quarter, down from their previous estimate of $1.08. US Capital Advisors also issued estimates for PBF Energy’s Q3 2018 earnings at $1.57 EPS and Q4 2018 earnings at $0.37 EPS.

PBF has been the topic of a number of other reports. Cowen lowered PBF Energy from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $30.00 to $31.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. lowered PBF Energy from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Citigroup lifted their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Tudor Pickering upgraded PBF Energy from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. PBF Energy currently has an average rating of “Hold” and an average target price of $32.90.

Shares of PBF Energy (NYSE:PBF) opened at $29.73 on Monday. The firm has a market capitalization of $3,374.80, a P/E ratio of 7.98, a PEG ratio of 0.91 and a beta of 1.21. PBF Energy has a 1 year low of $18.48 and a 1 year high of $37.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.50.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.25). The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $5.23 billion. PBF Energy had a return on equity of 5.16% and a net margin of 1.91%. PBF Energy’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.71) earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 4.04%. PBF Energy’s dividend payout ratio is presently 32.52%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of PBF Energy by 48.0% during the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of PBF Energy during the third quarter valued at approximately $838,000. Northern Trust Corp boosted its position in shares of PBF Energy by 63.2% during the second quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock valued at $22,237,000 after purchasing an additional 386,930 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of PBF Energy by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 2,018,212 shares of the oil and gas company’s stock valued at $55,722,000 after purchasing an additional 50,806 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of PBF Energy during the second quarter valued at approximately $715,000. Institutional investors own 97.39% of the company’s stock.

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PBF Energy Company Profile

PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.

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