PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 100,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $43.17, for a total value of $4,317,000.00. Following the sale, the insider directly owned 18,117,698 shares of the company’s stock, valued at $782,141,022.66. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total transaction of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total transaction of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The shares were sold at an average price of $43.50, for a total transaction of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $49.96, for a total value of $31,824,520.00.

PBF Energy Trading Down 4.9%

Shares of NYSE PBF traded down $2.06 during midday trading on Tuesday, hitting $40.31. The stock had a trading volume of 2,089,610 shares, compared to its average volume of 3,488,747. The company’s 50-day simple moving average is $42.18 and its 200 day simple moving average is $37.23. The firm has a market cap of $4.77 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 0.16 and a beta of 0.12. PBF Energy Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $52.18. 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 (NYSE:PBF) last released its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted ($3.53) earnings per share. Research analysts anticipate that PBF Energy Inc. will post 6.7 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is 29.65%.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of PBF Energy by 6.8% during the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 242 shares during the period. Bull Harbor Capital LLC acquired a new stake in shares of PBF Energy during the first quarter worth $212,000. Amundi acquired a new stake in shares of PBF Energy during the first quarter worth $1,574,000. EverSource Wealth Advisors LLC grew its stake in shares of PBF Energy by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 931 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of PBF Energy by 23.6% during the first quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock worth $4,823,000 after purchasing an additional 19,354 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PBF shares. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. TD Cowen lowered their target price on PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a research note on Monday, April 27th. The Goldman Sachs Group started coverage on PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price for the company. Scotiabank lifted their target price on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $36.15.

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.