Control Empresarial De Capital Sells 362,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 362,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $43.50, for a total transaction of $15,747,000.00. Following the completion of the transaction, the insider owned 18,891,698 shares in the company, valued at approximately $821,788,863. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $44.41, for a total transaction of $133,230.00.
  • On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
  • On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The stock was sold at an average price of $46.18, for a total transaction of $6,003,400.00.
  • On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total transaction of $30,312,000.00.
  • On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total value of $31,824,520.00.
  • On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $50.74, for a total value of $10,148,000.00.
  • On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The stock was sold at an average price of $51.14, for a total value of $4,346,900.00.
  • On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The stock was sold at an average price of $49.44, for a total value of $23,221,968.00.
  • On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was sold at an average price of $49.49, for a total value of $34,024,375.00.
  • On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total value of $22,193,440.00.

PBF Energy Stock Up 0.6%

Shares of PBF stock traded up $0.26 during mid-day trading on Thursday, hitting $43.39. The company’s stock had a trading volume of 7,259,599 shares, compared to its average volume of 2,885,527. PBF Energy Inc. has a 52-week low of $16.47 and a 52-week high of $52.18. The business has a 50-day moving average price of $42.56 and a 200 day moving average price of $35.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of -29.52, a PEG ratio of 0.18 and a beta of 0.25.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.63). PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.18 billion. During the same quarter in the prior year, the firm earned ($3.53) EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts predict that PBF Energy Inc. will post 5.92 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.275 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. PBF Energy’s payout ratio is currently -74.83%.

Analysts Set New Price Targets

Several analysts recently commented on PBF shares. TD Cowen reduced their price objective on PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a research report on Monday. Wall Street Zen cut PBF Energy from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Piper Sandler upped their price objective on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $35.38.

Read Our Latest Stock Analysis on PBF Energy

Institutional Trading of PBF Energy

A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after buying an additional 589 shares in the last quarter. Torren Management LLC purchased a new stake in PBF Energy in the fourth quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in PBF Energy in the fourth quarter worth about $31,000. Leonteq Securities AG purchased a new stake in PBF Energy in the first quarter worth about $33,000. Finally, Deseret Mutual Benefit Administrators increased its position in PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About PBF Energy

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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