PBF Energy Inc (NYSE: PBF) is 25.02% higher on its value in year-to-date trading and has touched a low of $31.25 and a high of $56.38 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 $50.44 in the last trading session, with the day’s gains setting it 4.52%.
Currently trading at $54.96, the stock is 12.78% and 16.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.72 million and changing 8.96% at the moment leaves the stock 19.93% off its SMA200. PBF registered 33.11% gain for a year compared to 6-month loss of 0.84%. The firm has a 50-day simple moving average (SMA 50) of $0.18 and a 200-day simple moving average (SMA200) of $1.93.
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The stock witnessed a 3.46% gain in the last 1 month and extending the period to 3 months gives it a 32.79%, and is 14.57% 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 4.80% over the week and 4.18% over the month.
PBF Energy Inc (PBF) has around 3776 employees, a market worth around $6.57B and $38.32B in sales. Current P/E ratio is 3.34 and Fwd P/E is 11.07. Profit margin for the company is 5.59%. Distance from 52-week low is 75.84% and -2.52% from its 52-week high. The company has generated returns on investments over the last 12 months (25.52%).
PBF Energy Inc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $7.14B over the same period.The EPS is expected to shrink by -39.79% this year, but quarterly earnings will post -17.60% year-over-year. Quarterly sales are estimated to shrink -14.90% in year-over-year returns.
523 institutions hold shares in PBF Energy Inc (PBF), with institutional investors hold 99.71% of the company’s shares. The shares outstanding are 120.44M, and float is at 103.05M with Short Float at 9.60%. Institutions hold 85.89% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.88 million shares valued at $568.31 million. The investor’s holdings represent 11.23% of the PBF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.75 million shares valued at $481.23 million to account for 9.51% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 7.02 million shares representing 5.68% and valued at over $287.31 million, while State Street Corporation holds 4.58% of the shares totaling 5.67 million with a market value of $231.94 million.
PBF Energy Inc (PBF) Insider Activity
The most recent transaction is an insider purchase by Control Empresarial de Capital, the company’s Add’l Rep. Persons-see Ex.99-1. SEC filings show that Control Empresarial de Capital bought 12,200 shares of the company’s common stock on Jan 24 ’24 at a price of $43.86 per share for a total of $0.54 million. Following the purchase, the insider now owns 14.35 million shares.
PBF Energy Inc disclosed in a document filed with the SEC on Jan 17 ’24 that Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) bought a total of 500,000 shares of the company’s common stock. The trade occurred on Jan 17 ’24 and was made at $41.57 per share for $20.78 million. Following the transaction, the insider now directly holds 14.33 million shares of the PBF stock.
Still, SEC filings show that on Jan 16 ’24, Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) acquired 770,000 shares at an average price of $42.95 for $33.07 million. The insider now directly holds 13,832,998 shares of PBF Energy Inc (PBF).
