PBF Energy (NYSE:PBF) Insider Sells $30,312,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 600,000 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $50.52, for a total transaction of $30,312,000.00. Following the sale, the insider directly owned 19,738,698 shares of the company’s stock, valued at $997,199,022.96. This represents a 2.95% 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 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 transaction 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 transaction of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The stock was sold at an average price of $51.14, for a total transaction of $4,346,900.00.
• 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 transaction of $23,221,968.00.
• On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was 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 stock was sold at an average price of $47.02, for a total value of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The shares were sold at an average price of $48.84, for a total value 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 value 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 value of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $44.43, for a total value of $26,658,000.00.

PBF Energy Trading Up 0.9%

Shares of PBF Energy stock traded up $0.43 on Thursday, reaching $46.52. 537,319 shares of the company’s stock were exchanged, compared to its average volume of 3,816,074. The company has a market capitalization of $5.44 billion, a P/E ratio of -31.65, a price-to-earnings-growth ratio of 0.59 and a beta of 0.24. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $52.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. The firm’s 50-day moving average is $39.28 and its two-hundred day moving average is $34.29.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.82) EPS. Sell-side analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.10 annualized dividend and a yield of 2.4%. PBF Energy’s dividend payout ratio (DPR) is -74.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PBF shares. The Goldman Sachs Group boosted their target price on PBF Energy from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Wolfe Research lowered PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a report on Monday, December 8th. BMO Capital Markets reissued a “market perform” rating and issued a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $31.69.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its position in shares of PBF Energy by 81.7% in the fourth quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after purchasing an additional 30,430 shares during the last quarter. Corient Private Wealth LLC lifted its position in PBF Energy by 4.1% during the fourth quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 483 shares during the last quarter. Pacer Advisors Inc. grew its stake in PBF Energy by 15.6% in the 4th quarter. Pacer Advisors Inc. now owns 19,473 shares of the oil and gas company’s stock worth $528,000 after buying an additional 2,635 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of PBF Energy by 7.3% in the 4th quarter. Empowered Funds LLC now owns 119,402 shares of the oil and gas company’s stock worth $3,238,000 after buying an additional 8,154 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of PBF Energy by 49.7% during the 4th quarter. Voloridge Investment Management LLC now owns 1,729,304 shares of the oil and gas company’s stock valued at $46,899,000 after buying an additional 574,001 shares in the last quarter. 96.29% of the stock is currently owned by 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.