Control Empresarial De Capital Sells 35,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 35,000 shares of PBF Energy stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $34.07, for a total transaction of $1,192,450.00. Following the transaction, the insider owned 30,323,498 shares in the company, valued at $1,033,121,576.86. This represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The stock was sold at an average price of $33.46, for a total value of $2,007,600.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total value of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total transaction of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Price Performance

Shares of NYSE PBF traded down $1.01 during midday trading on Monday, reaching $32.45. The stock had a trading volume of 2,335,285 shares, compared to its average volume of 3,800,052. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -6.98, a price-to-earnings-growth ratio of 5.91 and a beta of 0.47. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47. The stock has a 50-day moving average of $30.66 and a 200-day moving average of $29.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.17. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. PBF Energy’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.50) EPS. As a group, research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PBF shares. UBS Group lifted their target price on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Wolfe Research cut PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a report on Monday, December 8th. Citigroup raised their target price on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $30.14.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. Torren Management LLC bought a new stake in shares of PBF Energy during the fourth quarter worth $30,000. Deseret Mutual Benefit Administrators boosted its stake in shares of PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 440 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 912 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in PBF Energy during the 3rd quarter valued at about $41,000. 96.29% of the stock is currently owned by institutional investors.

About PBF Energy

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.