PBF Energy (NYSE:PBF) CAO Steven John Andriola Sells 1,048 Shares

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 1,048 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $34.39, for a total value of $36,040.72. Following the completion of the transaction, the chief accounting officer owned 20,974 shares in the company, valued at approximately $721,295.86. The trade was a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PBF Energy Stock Performance

Shares of PBF opened at $35.35 on Thursday. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -7.60 and a beta of 0.79. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week high of $36.67. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $30.43 and a 200 day moving average price of $24.85.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.17. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the business earned ($1.50) EPS. PBF Energy’s revenue for the quarter was down 8.7% compared to the same quarter last year. Research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, November 14th. PBF Energy’s dividend payout ratio (DPR) is currently -23.66%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PBF. Smartleaf Asset Management LLC lifted its holdings in PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in PBF Energy by 761.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company’s stock worth $31,000 after buying an additional 1,248 shares in the last quarter. Allworth Financial LP grew its position in PBF Energy by 194.3% during the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in PBF Energy in the first quarter valued at about $35,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PBF. Mizuho boosted their price objective on PBF Energy from $23.00 to $26.00 and gave the company an “underperform” rating in a research note on Monday, September 15th. Wall Street Zen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price objective on the stock. in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price target on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PBF Energy currently has an average rating of “Strong Sell” and a consensus price target of $27.83.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.