Dimensional Fund Advisors LP has recently announced that it has increased stake in PBF Energy Inc (NYSE:PBF) by 3.46%. After grabbing 7.26 million shares, the institutional investor is now in possession of 0.24 million shares of the Energy Company. The new investment brought the stake of investor firm to 5.94% having worth around $322.39 million. Moreover, Arrowstreet Capital LP increased its share by 0.35 million to have a control over 3.38 million shares. And Geode Capital Management LLC raised its holdings to 79634.0 shares by acquiring 2.64 million shares or 2.16% of the stake.
PBF Energy Inc (PBF) concluded trading on 12/21/23 at a closing price of $45.20, with 1.87 million shares of worth about $84.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.94% during that period and on Thursday the price saw a loss of about -0.15%. Currently the company’s common shares owned by public are about 129.64M shares, out of which, 107.63M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the PBF stock and their offered price forecasts bring an average price target of $53.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $67.00 and could fall to a lowest price of $40.00. The stock’s current price level is 14.72% above of average price target set by the analysts, while a rise to estimated low would result in loss of -13.0% for the stock. However, touching the estimated high of $67.00 would mean a gain of 32.54% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 594,555 shares in 35 of the transactions. In 29 selling transactions, insiders dumped 256,026 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in PBF Energy Inc Vanguard Total Stock Market ETF is currently holding 3.48 million shares of worth totaling $154.4 million. The company recently came buying 21080.0 shares which brought its stake up to 2.85% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 602.0 shares, after which its hold over company’s outstanding shares expand to 2.78%, leaving 3.39 million shares with the mutual fund that have a worth of about $150.66 million. Vanguard Small Cap Index Fund, after buying 2.87 million shares, have now control over 2.35% of the stake in the company. It holds 5892.0 shares of worth $127.36 million.
PBF Energy Inc (NYSE: PBF) started trading at $45.20, below -$0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 45.68, or with a loss of -0.15%. Stock saw a price change of 4.99% in past 5 days and over the past one month there was a price change of 1.14%. Year-to-date (YTD), PBF shares are showing a performance of 10.84% which increased to 18.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.25 but also hit the highest price of $56.38 during that period. The average intraday trading volume for PBF Energy Inc shares is 2.26 million. The stock is currently trading 3.95% above its 20-day simple moving average (SMA20), while that difference is up 0.04% for SMA50 and it goes to 3.78% higher than SMA200.
Dimensional Fund Advisors LP acquired 7.26 million shares of PBF Energy Inc having value of about $322.39 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.24 million shares in the company valued at close to $10988888.4, or have control over 3.46% stake in the company. PBF Energy Inc (NYSE: PBF) currently have 129.64M outstanding shares and institutions hold larger chunk of about 83.11% of that. Holding of mutual funds in the company is about 37.88% while other institutional holders and individual stake holders have control over 45.49% and 14.68% of the stake respectively.
The stock has a current market capitalization of $5.52B and its 3Y-monthly beta is at 1.74. PE ratio of stock for trailing 12 months is 2.09, while it has posted earnings per share of $21.67 in the same period. It has Quick Ratio of 0.85 while making debt-to-equity ratio of 0.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PBF, volatility over the week remained 3.97% while standing at 3.39% over the month.
Analysts are in expectations that PBF Energy Inc (PBF) stock would likely to be making an EPS of $1.09 in the current quarter, while forecast for next quarter EPS is $1.22 and it is $7.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $1.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.50% while it is estimated to decrease by -44.89% in next year. EPS is likely to shrink at an annualized rate of 0.00% for next 5-years, compared to annual growth of 43.70% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the PBF Energy Inc (PBF)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.29. Out of those 14 Wall Street analysts, 5 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on October 05, 2023 offering an Outperform rating for the stock and assigned a target price of $60 to it.
