Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $16,833,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 480,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $35.07, for a total transaction of $16,833,600.00. Following the completion of the sale, the insider directly owned 29,583,498 shares in the company, valued at $1,037,493,274.86. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total transaction of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total transaction of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total value of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total value of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total value of $1,615,500.00.

PBF Energy Trading Down 2.3%

Shares of NYSE:PBF traded down $0.81 during trading on Thursday, reaching $34.48. 2,297,774 shares of the stock were exchanged, compared to its average volume of 3,716,094. The firm’s 50-day moving average price is $30.65 and its 200 day moving average price is $29.87. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 6.09 and a beta of 0.50. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in PBF Energy by 197.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 589 shares during the last quarter. Torren Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth approximately $30,000. Deseret Mutual Benefit Administrators increased its stake in shares of 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 worth $35,000 after buying an additional 440 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after buying an additional 912 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in PBF Energy in the third quarter valued at $41,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PBF shares. Piper Sandler set a $41.00 target price on shares of PBF Energy in a report on Monday, January 12th. Wolfe Research cut PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research note on Monday, December 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 target price on shares of PBF Energy in a research note on Monday, January 5th. Wall Street Zen upgraded PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research cut PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $30.14.

About PBF Energy

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.