Thomas Nimbley Sells 468,139 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 468,139 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $69.54, for a total transaction of $32,554,386.06. Following the transaction, the director owned 793,737 shares of the company’s stock, valued at approximately $55,196,470.98. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PBF Energy Price Performance

PBF Energy stock traded down $2.10 during midday trading on Tuesday, reaching $65.81. The company had a trading volume of 4,170,656 shares, compared to its average volume of 3,389,577. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a 12-month low of $21.46 and a 12-month high of $74.74. The company has a market capitalization of $7.79 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.12 and a beta of 0.10. The firm’s fifty day simple moving average is $49.75 and its 200-day simple moving average is $43.23.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The company had revenue of $11.68 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the business earned ($1.03) EPS. PBF Energy’s quarterly revenue was up 56.2% on a year-over-year basis. As a group, equities analysts anticipate that PBF Energy Inc. will post 10.94 EPS for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. TD Cowen boosted their price target on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley raised their target price on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, June 12th. Finally, Scotiabank upped their price target on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $50.15.

PBF Energy News Summary

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF Energy’s latest quarterly results were significantly better than expected: adjusted earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Strong refining margins and throughput are supporting investor optimism. PBF Energy Beats on Margins and Throughput
• Positive Sentiment: Analyst estimate revisions and recent price strength remain favorable. Zacks cited PBF among stocks with strong momentum, improving estimates and solid fundamentals, while another report said the company could continue moving higher near term. Stocks With Relative Price Strength
• Neutral Sentiment: The company declared a quarterly dividend of $0.275 per share, equivalent to $1.10 annually and a yield of roughly 1.6%. The dividend adds modest income support but is unlikely to be a major trading catalyst.
• Neutral Sentiment: PBF’s price target was reportedly raised to $74, but the broader analyst consensus remains “Hold,” with a consensus target of $46.31. This reflects uncertainty over whether current refining strength is sustainable.
• Negative Sentiment: CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, reducing his direct ownership by 31.26%. Large insider sales can pressure sentiment, although the CEO still owns nearly 496,000 shares.
• Negative Sentiment: Major insider Control Empresarial De Capital sold another 490,000 shares for approximately $34.9 million, reducing its stake by 3.16%. The investor has also reported multiple earlier sales, creating a persistent supply and confidence overhang. PBF Energy Insider Selling

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its stake in shares of PBF Energy by 19.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock valued at $1,996,000 after acquiring an additional 7,107 shares during the period. Parallel Advisors LLC boosted its position 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 worth $180,000 after purchasing an additional 242 shares during the period. Bull Harbor Capital LLC acquired a new stake in PBF Energy in the 1st quarter valued at approximately $212,000. Amundi acquired a new stake in PBF Energy in the 1st quarter valued at approximately $1,574,000. Finally, EverSource Wealth Advisors LLC raised its position in PBF Energy by 24.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 931 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.