PBF Energy (NYSE:PBF) Insider Sells $14,965,100.00 in Stock

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 170,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $88.03, for a total value of $14,965,100.00. Following the transaction, the insider directly owned 13,326,127 shares in the company, valued at $1,173,098,959.81. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $84.13, for a total value of $10,095,600.00.
  • On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $82.00, for a total transaction of $8,200,000.00.
  • On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $80.60, for a total value of $12,090,000.00.
  • On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28.
  • On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total value of $269,841.62.
  • On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total value of $7,702,000.00.
  • On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total value of $8,974,800.00.
  • On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total transaction of $472,123.68.
  • On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The shares were sold at an average price of $72.18, for a total transaction of $15,157,800.00.
  • On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $70.13, for a total transaction of $10,519,500.00.

PBF Energy Stock Up 7.3%

Shares of NYSE PBF traded up $6.19 during mid-day trading on Tuesday, reaching $91.21. The company had a trading volume of 3,345,266 shares, compared to its average volume of 3,365,573. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $91.53. The stock’s 50 day moving average is $74.08 and its 200-day moving average is $56.25. The stock has a market capitalization of $10.81 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18.

PBF Energy (NYSE:PBF – Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%. The firm had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the company posted ($1.03) earnings per share. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. As a group, equities analysts anticipate that PBF Energy Inc. will post 24.69 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.2750 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.2%. PBF Energy’s payout ratio is presently 9.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of PBF Energy from $38.00 to $76.00 and gave the company an “underweight” rating in a research report on Monday, September 14th. UBS Group reissued a “buy” rating and issued a $99.00 target price on shares of PBF Energy in a research report on Monday, October 5th. Weiss Ratings upgraded shares of PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Mizuho raised their price target on shares of PBF Energy from $65.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Finally, TD Cowen reaffirmed a “hold” rating on shares of PBF Energy in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.55.

Read Our Latest Report on PBF

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after acquiring an additional 242 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of PBF Energy by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 260 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in PBF Energy by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock worth $375,000 after purchasing an additional 383 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in PBF Energy by 3.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock worth $682,000 after purchasing an additional 441 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in PBF Energy by 4.1% in the 4th quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 483 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About PBF Energy

(Get Free Report)

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.

Further Reading

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

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