PBF Energy (NYSE:PBF) Insider Sells $24,561,057.28 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 315,776 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28. Following the completion of the transaction, the insider owned 13,866,127 shares in the company, valued at $1,078,507,358.06. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was 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 transaction 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 transaction of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total value 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 stock was sold at an average price of $70.13, for a total value of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The stock was sold at an average price of $71.26, for a total value of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $63.96, for a total value of $14,071,200.00.
• On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.

PBF Energy Stock Performance

Shares of PBF stock traded up $1.17 during mid-day trading on Friday, reaching $78.25. 2,960,792 shares of the company’s stock traded hands, compared to its average volume of 2,479,828. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The firm has a 50 day moving average price of $66.93 and a two-hundred day moving average price of $50.88. The firm has a market capitalization of $9.28 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.09 and a beta of 0.09. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $82.61.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The firm had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.03) EPS. On average, research analysts forecast that PBF Energy Inc. will post 15.74 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.4%. PBF Energy’s dividend payout ratio is 9.73%.

Analyst Ratings Changes

PBF has been the subject of a number of research analyst reports. Citigroup raised their price objective on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Friday, August 7th. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. UBS Group lifted their price target on shares of PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.42.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PBF. Sequoia Financial Advisors LLC raised its stake in PBF Energy by 128.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,631 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 5,969 shares during the last quarter. Engineers Gate Manager LP boosted its position in PBF Energy by 90.4% in the 2nd quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock worth $2,887,000 after purchasing an additional 30,117 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in PBF Energy by 76.0% during the second quarter. Integrated Wealth Concepts LLC now owns 8,632 shares of the oil and gas company’s stock worth $393,000 after buying an additional 3,728 shares in the last quarter. IFP Advisors Inc grew its position in shares of PBF Energy by 68.7% during the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 591 shares during the period. Finally, Allworth Financial LP increased its position in shares of PBF Energy by 166.2% in the second quarter. Allworth Financial LP now owns 6,888 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About PBF Energy

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.