PBF Energy Inc (NYSE: PBF) is 37.17% higher on its value in year-to-date trading and has touched a low of $31.25 and a high of $62.88 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 $62.04 in the last trading session, with the day’s loss setting it -1.74%.
Currently trading at $60.30, the stock is 7.01% and 15.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -2.80% at the moment leaves the stock 27.27% off its SMA200. PBF registered 42.89% gain for a year compared to 6-month gain of 31.09%. The firm has a 50-day simple moving average (SMA 50) of $0.19 and a 200-day simple moving average (SMA200) of $2.10.
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The stock witnessed a 19.48% loss in the last 1 month and extending the period to 3 months gives it a 43.50%, and is 2.94% 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 3.14% over the week and 3.56% over the month.
PBF Energy Inc (PBF) has around 3776 employees, a market worth around $7.21B and $38.32B in sales. Current P/E ratio is 3.67 and Fwd P/E is 11.47. Profit margin for the company is 5.59%. Distance from 52-week low is 92.93% and -4.11% 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 $0.5 with sales reaching $7.08B over the same period.The EPS is expected to shrink by -35.11% this year, but quarterly earnings will post -18.10% year-over-year. Quarterly sales are estimated to shrink -15.60% in year-over-year returns.
PBF Energy Inc (PBF) Top Institutional Holders
524 institutions hold shares in PBF Energy Inc (PBF), with institutional investors hold 100.04% of the company’s shares. The shares outstanding are 120.44M, and float is at 103.04M with Short Float at 11.42%. Institutions hold 86.19% 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 sale by Davis Paul T,the company’sSenior Vice President. SEC filings show that Davis Paul T sold 100,000 shares of the company’s common stock on Mar 25 ’24 at a price of $56.37 per share for a total of $5.64 million. Following the sale, the insider now owns 0.11 million shares.
PBF Energy Inc disclosed in a document filed with the SEC on Mar 25 ’24 that O Connor Thomas L (Senior Vice President) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $57.15 per share for $0.57 million. Following the transaction, the insider now directly holds 0.16 million shares of the PBF stock.
Still, SEC filings show that on Mar 19 ’24, O Connor Thomas L (Senior Vice President) disposed off 40,000 shares at an average price of $55.87 for $2.23 million. The insider now directly holds 160,338 shares of PBF Energy Inc (PBF).
