On September 19, 2023, Thomas O’Connor, Senior Vice President at PBF Energy, made a significant move by exercising stock options worth $2,688,500. This information was revealed through a Form 4 filing with the U.S. Securities and Exchange Commission. The filing disclosed that O’Connor opted to exercise 50,000 shares of PBF stock, which were initially priced at $24.43. It is worth noting that at the time of the filing, PBF Energy shares were being traded at $53.77.
Insider transactions, such as O’Connor’s decision to exercise his stock options, can provide valuable insights for investment decisions. However, it is crucial to remember that these transactions should not be the sole basis for making such decisions. It is advisable to consider multiple factors and conduct thorough research before finalizing any investment plans.
PBF Energy Inc.
PBF
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
PBF Energy Inc.: Stock Price, Earnings Growth, and Market Analysis in the Oil Refining/Marketing Industry
PBF Energy Inc. (PBF) is a company in the oil refining/marketing industry. On September 19, 2023, PBF’s stock price fluctuated between $52.38 and $54.46. The trading volume for PBF on that day was 1,531,080 shares, slightly lower than the average volume over the past three months. PBF has a market capitalization of $6.7 billion. In terms of earnings growth, PBF experienced a significant increase of 1,121.39% in the previous year, but the earnings growth for the current year has declined by 62.05%. Analysts forecast a 0.00% earnings growth for the next five years. PBF recorded a notable increase of 71.83% in revenue growth in the previous year. The price-to-earnings (P/E) ratio for PBF is 2.2, suggesting the stock may be undervalued. The price/sales ratio is 0.11, indicating the stock is relatively inexpensive compared to its sales, and the price/book ratio is 1.42, suggesting the stock is trading at a reasonable price in relation to its book value. On September 19, PBF’s stock price increased by $0.08, or 0.39%. Other stocks in the industry showed different movements on that day. PBF Energy Inc. is expected to report its next earnings on November 2, 2023, with analysts forecasting an EPS of $2.74 for this quarter. PBF operates in the Energy Minerals sector, specifically in the Oil Refining/Marketing industry, and is headquartered in Parsippany, New Jersey.
Analysis of PBF Energy Incs Stock Performance and Recommendations for Investors
On September 19, 2023, PBF Energy Inc’s stock performance was analyzed based on data from CNN Money. The 12 analysts offering 12-month price forecasts for PBF Energy Inc had a median target of $54.50, with a high estimate of $65.00 and a low estimate of $36.00. The median estimate indicated a +2.75% increase from the last price of $53.04.
According to the data, the current consensus among 13 polled investment analysts is to hold stock in PBF Energy Inc. This rating has remained steady since August, indicating that there has been no change in the recommendation to hold the stock.
PBF Energy Inc’s current quarter earnings per share were reported at $2.74, with sales amounting to $9.7 billion. The reporting date for these figures is November 2.
Investors should consider these forecasts in conjunction with other factors such as the company’s financial health, industry trends, and market conditions before making any investment decisions. It is also important to note that analyst forecasts are not guaranteed and can be influenced by various factors that may not be accurately predicted.
Overall, based on the current consensus among investment analysts, PBF Energy Inc’s stock is recommended to be held. However, investors should conduct their own research and analysis to make informed decisions regarding their investments.
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