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Friday, December 2, 2022

Momentum Is Strong For PBF Energy Inc. (NYSE: PBF)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PBF Energy Inc. (PBF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.27%, to $29.8. Volume reached 294,622 shares, with price reaching a high of $29.85 and a low of $29.5. Earlier, Yahoo Finance discussed this stock as it revealed PBF Energy to Participate in Industry Conferences.


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Stocks Info

This NYSE-listed company operates within the Oil & Gas Refining & Marketing industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $29.85 and fluctuated between $31.16 as its day high and $29.39 as its day low. The current market capitalization of PBF Energy Inc. is $3.89B. A total of 3.61 million shares were traded on the day, compared to an average of 2.71M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PBF has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 100,000 and the disposition of 100,000 shares. Over the last 12 months, there were 26 BUYs and 57 SELLs from insiders. Insiders purchased 435,246 shares during that period but sold 12,317,336.

In the most recent transaction, O Connor Thomas L sold 100,000 shares of PBF for 37.54 per share on Aug 23. After the transaction, the Senior Vice President now owns 80,000 company shares. In a previous transaction on Jun 03, Control Empresarial de Capital sold 538,500 shares at 37.41 per share. PBF shares that Add’l Rep. Persons-see Ex.99-1 owns now total 11,745,500.

Among the insiders who sold shares, Control Empresarial de Capital disposed of 1,245,183 shares on Jun 02 at a per-share price of $35.16. This resulted in the Add’l Rep. Persons-see Ex.99-1 holding 12,284,000 shares of PBF after the transaction. In another insider transaction, Control Empresarial de Capital sold 503,000 shares at $34.28 per share on Jun 01. Company shares held by the Add’l Rep. Persons-see Ex.99-1 now total 13,529,183.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. PBF’s most recent ex-dividend date was 02/24/2020 when it declared a $0.30 quarterly dividend that was paid in cash on 03/17/2020. Previously, the company paid the dividend on 11/26/2019 with an ex-dividend date of 11/13/2019. The dividend was $0.30 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PBF in the last 3 months, the mean price target is $41.08 with high estimates of $49.00 and low estimates of $32.00. In terms of 52-week highs and lows, PBF has a high of $44.12 and a low of $10.58.

As of this writing, PBF has an earnings estimate of $5.96 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $9.86 per share and a lower estimate of $4.37. The company reported an EPS of $10.58 in the last quarter, which was 43.75% higher than expectations of $7.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PBF is Hold with a score of 3.60. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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