US Capital Advisors Weighs in on PBF Energy Inc.’s Q1 2018 Earnings (PBF)
PBF Energy Inc. (NYSE:PBF) – Research analysts at US Capital Advisors increased their Q1 2018 earnings per share estimates for shares of PBF Energy in a research report issued to clients and investors on Thursday. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.19. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for PBF Energy’s Q2 2018 earnings at $0.82 EPS and Q3 2018 earnings at $0.79 EPS.
A number of other research analysts also recently issued reports on PBF. Scotiabank set a $24.00 price objective on PBF Energy and gave the company a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $20.00 price objective on shares of PBF Energy in a research note on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price objective on shares of PBF Energy in a research note on Thursday, June 1st. Finally, BidaskClub raised PBF Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. PBF Energy presently has an average rating of “Hold” and an average target price of $23.83.
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Shares of PBF Energy (NYSE:PBF) opened at 22.09 on Monday. The company has a market capitalization of $2.42 billion, a P/E ratio of 13.22 and a beta of 1.39. PBF Energy has a one year low of $18.48 and a one year high of $30.98. The firm has a 50 day moving average price of $21.39 and a 200 day moving average price of $22.95.
PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.26. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.29 billion. PBF Energy had a negative return on equity of 4.20% and a net margin of 0.95%. The firm’s revenue was up 69.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.65) earnings per share.
In other news, insider Connor Thomas L. O bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $20.17 per share, with a total value of $201,700.00. Following the transaction, the insider now directly owns 105,135 shares of the company’s stock, valued at approximately $2,120,572.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas J. Nimbley bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $19.69 per share, with a total value of $984,500.00. Following the completion of the transaction, the chief executive officer now directly owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here. Insiders own 2.55% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its stake in shares of PBF Energy by 50.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after buying an additional 1,580 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of PBF Energy during the first quarter worth approximately $113,000. Creative Planning raised its stake in shares of PBF Energy by 92.7% in the second quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after buying an additional 2,503 shares in the last quarter. US Bancorp DE raised its stake in shares of PBF Energy by 35.6% in the first quarter. US Bancorp DE now owns 8,928 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,346 shares in the last quarter. Finally, IMS Capital Management bought a new stake in shares of PBF Energy during the first quarter worth approximately $207,000.
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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