Control Empresarial De Capital Sells 9,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 9,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $32.91, for a total transaction of $296,190.00. Following the sale, the insider directly owned 30,398,498 shares in the company, valued at $1,000,414,569.18. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $1,351,600.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total transaction 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 value 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 value of $1,615,500.00.

PBF Energy Stock Up 1.2%

NYSE:PBF traded up $0.39 during trading hours on Friday, reaching $33.39. 2,655,409 shares of the company traded hands, compared to its average volume of 4,361,494. The company has a current ratio of 1.38, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $31.17 and its two-hundred day moving average price is $29.39. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The stock has a market capitalization of $3.87 billion, a P/E ratio of -7.18, a P/E/G ratio of 2.56 and a beta of 0.47.

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

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, November 14th. PBF Energy’s dividend payout ratio (DPR) is currently -23.66%.

Hedge Funds Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently modified their holdings of PBF. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of PBF Energy by 114.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,491 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 1,331 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in PBF Energy by 2.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 37,400 shares of the oil and gas company’s stock valued at $1,014,000 after purchasing an additional 720 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in PBF Energy by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,306 shares of the oil and gas company’s stock valued at $1,098,000 after purchasing an additional 511 shares during the last quarter. Next Level Private LLC boosted its holdings in shares of PBF Energy by 0.6% in the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after buying an additional 378 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of PBF Energy in the 4th quarter worth approximately $842,000. 96.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PBF. Morgan Stanley set a $27.00 target price on shares of PBF Energy and gave the company an “underweight” rating in a research note on Friday, October 3rd. Citigroup upped their price target on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Mizuho upgraded PBF Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $38.00 in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $34.00 target price on shares of PBF Energy in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of “Reduce” and a consensus target price of $30.14.

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.