Zacks Research Has Optimistic View of PBF Energy Q2 Earnings

• Leading Oil Refiner's Stock Climbs Despite Market Volatility

PBF Energy Inc. (NYSE:PBF - Free Report) - Analysts at Zacks Research lifted their Q2 2026 earnings estimates for shares of PBF Energy in a research note issued on Tuesday, August 26th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of $1.08 for the quarter, up from their prior forecast of $1.02. The consensus estimate for PBF Energy's current full-year earnings is ($1.12) per share. Zacks Research also issued estimates for PBF Energy's Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.47 EPS, Q1 2027 earnings at $0.00 EPS and FY2027 earnings at $1.00 EPS.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.19) by $0.16. The business had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $6.65 billion. PBF Energy had a negative net margin of 3.24% and a negative return on equity of 17.46%. The business's revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.54) EPS.

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Several other equities analysts also recently weighed in on PBF. Scotiabank restated a "sector perform" rating and set a $25.00 target price (up from $16.00) on shares of PBF Energy in a report on Friday, July 11th. Citigroup raised their target price on shares of PBF Energy from $16.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Morgan Stanley raised their target price on shares of PBF Energy from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Mizuho raised their target price on shares of PBF Energy from $22.00 to $23.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. Finally, UBS Group upgraded shares of PBF Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, PBF Energy presently has an average rating of "Reduce" and an average target price of $25.17.

View Our Latest Stock Analysis on PBF

PBF Energy Stock Performance

• 2 Oil Refiners Posting Record Margins: Can the Trend Continue?

NYSE:PBF opened at $26.68 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $23.93 and a two-hundred day moving average price of $21.17. PBF Energy has a twelve month low of $13.61 and a twelve month high of $34.49. The company has a market capitalization of $3.09 billion, a P/E ratio of -3.11 and a beta of 0.92.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, August 14th. PBF Energy's dividend payout ratio (DPR) is currently -12.81%.

Insider Activity

In other news, insider Control Empresarial De Capital purchased 48,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $17.99 per share, with a total value of $872,515.00. Following the purchase, the insider directly owned 30,823,498 shares of the company's stock, valued at approximately $554,514,729.02. This trade represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PBF Energy

Several hedge funds have recently modified their holdings of PBF. T. Rowe Price Investment Management Inc. boosted its position in shares of PBF Energy by 170.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company's stock worth $109,364,000 after acquiring an additional 3,612,447 shares during the last quarter. AQR Capital Management LLC lifted its position in PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company's stock valued at $45,183,000 after buying an additional 1,454,500 shares in the last quarter. Norges Bank acquired a new position in PBF Energy during the second quarter valued at approximately $24,599,000. BNP Paribas Financial Markets lifted its position in PBF Energy by 276.2% during the second quarter. BNP Paribas Financial Markets now owns 1,028,799 shares of the oil and gas company's stock valued at $22,294,000 after buying an additional 755,310 shares in the last quarter. Finally, Nuveen LLC acquired a new position in PBF Energy during the first quarter valued at approximately $13,600,000. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.

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