PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 85,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 85,000 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $51.14, for a total value of $4,346,900.00. Following the sale, the insider owned 19,653,698 shares in the company, valued at $1,005,090,115.72. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value 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 Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were 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 shares were 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 shares were sold at an average price of $47.02, for a total transaction of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total transaction of $16,605,600.00.
• On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total transaction of $2,609,360.00.
• On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total transaction of $26,658,000.00.

PBF Energy Trading Up 0.5%

Shares of PBF traded up $0.24 during mid-day trading on Thursday, reaching $46.33. The company had a trading volume of 537,319 shares, compared to its average volume of 3,816,074. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $52.18. The firm has a fifty day simple moving average of $39.28 and a 200-day simple moving average of $34.29. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of -31.65, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the firm posted ($2.82) EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s payout ratio is currently -74.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on PBF. Piper Sandler increased their target price on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Mizuho raised their target price on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $31.69.

Institutional Investors Weigh In On PBF Energy

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after acquiring an additional 3,550,820 shares in the last quarter. State Street Corp boosted its holdings in PBF Energy by 1.3% in the 4th quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after acquiring an additional 60,294 shares during the period. Invesco Ltd. boosted its holdings in PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC grew its position in PBF Energy by 20.1% in the third quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock valued at $75,524,000 after acquiring an additional 418,223 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of PBF Energy by 16.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,400,702 shares of the oil and gas company’s stock valued at $65,108,000 after purchasing an additional 331,404 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.