Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $19,870,200.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 380,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $52.29, for a total value of $19,870,200.00. Following the completion of the transaction, the insider owned 16,082,128 shares in the company, valued at approximately $840,934,473.12. The trade was a 2.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Control Empresarial De Capital also recently made the following trade(s):

• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total value of $14,358,600.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The shares were sold at an average price of $46.65, for a total value of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total value of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total value of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The shares were sold at an average price of $42.01, for a total value of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $43.17, for a total value of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total transaction of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total transaction of $1,350,360.00.

PBF Energy Stock Down 0.3%

Shares of PBF stock traded down $0.17 on Friday, hitting $53.14. The stock had a trading volume of 1,691,795 shares, compared to its average volume of 3,378,250. The business has a 50 day moving average of $42.53 and a 200 day moving average of $39.08. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.16 and a beta of 0.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. PBF Energy Inc. has a 12-month low of $21.24 and a 12-month high of $54.82.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the previous year, the business earned ($3.53) earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts expect that PBF Energy Inc. will post 8.55 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.1%. PBF Energy’s dividend payout ratio (DPR) is currently 29.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG purchased a new position in shares of PBF Energy in the first quarter valued at $33,000. Torren Management LLC purchased a new stake in PBF Energy during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its stake in PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of PBF Energy during the fourth quarter valued at about $57,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho upped their target price on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. BMO Capital Markets boosted their price objective on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group started coverage on PBF Energy in a research report on Friday, April 10th. They issued a “neutral” rating and a $49.00 price objective on the stock. Finally, Freedom Capital upgraded PBF Energy to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $36.69.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.