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PBF Energy Inc. (PBF) Is Now En Route to Higher Prices

PBF Energy Inc. (NYSE: PBF) is 162.14% higher on its value in year-to-date trading and has touched a low of $7.24 and a high of $44.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBF stock was last observed hovering at around $33.78 in the last trading session, with the day’s gains setting it 0.22% off its average median price target of $37.00 for the next 12 months. It is also 29.17% off the consensus price target high of $48.00 offered by 13 analysts, but current levels are -13.33% lower than the price target low of $30.00 for the same period.

Currently trading at $34.00, the stock is 9.86% and 5.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 0.65% at the moment leaves the stock 46.50% off its SMA200. PBF registered 300.94% gain for a year compared to 6-month gain of 73.82%.

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The stock witnessed a 22.61% loss in the last 1 month and extending the period to 3 months gives it a 9.50%, and is 6.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.25% over the week and 6.79% over the month.

PBF Energy Inc. (PBF) has around 3418 employees, a market worth around $4.14B and $38.65B in sales. Current P/E ratio is 3.03 and Fwd P/E is 5.20. Profit margin for the company is 3.60%. Distance from 52-week low is 369.61% and -22.94% from its 52-week high. The company has generated returns on investments over the last 12 months (10.50%).

PBF Energy Inc. (PBF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PBF Energy Inc. (PBF) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 2.70, where 8 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

PBF Energy Inc. is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 116.20% this year.

PBF Energy Inc. (PBF) Top Institutional Holders

The shares outstanding are 121.27M, and float is at 109.91M with Short Float at 9.41%.

PBF Energy Inc. (PBF) Insider Activity

A total of 54 insider transactions have happened at PBF Energy Inc. (PBF) in the last six months, with sales accounting for 40 and purchases happening 14 times. The most recent transaction is an insider sale by Control Empresarial de Capital ,the company’sAdd’l Rep. Persons-see Ex.99-1. SEC filings show that Control Empresarial de Capital sold 538,500 shares of the company’s common stock on Jun 03 at a price of $37.41 per share for a total of $20.15 million. Following the sale, the insider now owns 11.75 million shares.

PBF Energy Inc. disclosed in a document filed with the SEC on Jun 02 that Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) sold a total of 1,245,183 shares of the company’s common stock. The trade occurred on Jun 02 and was made at $35.16 per share for $43.79 million. Following the transaction, the insider now directly holds 12.28 million shares of the PBF stock.

Still, SEC filings show that on Jun 01, Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) disposed off 503,000 shares at an average price of $34.28 for $17.24 million. The insider now directly holds 13,529,183 shares of PBF Energy Inc. (PBF).

PBF Energy Inc. (PBF): Who are the competitors?

The company’s main competitors (and peers) include Valero Energy Corporation (VLO) that is trading 75.57% up over the past 12 months and HF Sinclair Corporation (DINO) that is 69.85% higher over the same period. Delek US Holdings Inc. (DK) is 76.68% up on the 1-year trading charts.

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