PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 228,500 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 228,500 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $35.26, for a total transaction of $8,056,910.00. Following the completion of the transaction, the insider directly owned 28,894,598 shares of the company’s stock, valued at approximately $1,018,823,525.48. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The stock was sold at an average price of $34.50, for a total value of $48,300.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were sold at an average price of $35.62, for a total value of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The stock was sold at an average price of $34.66, for a total value of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total value of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $33.85, for a total value 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 stock was 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 shares were 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 stock was sold at an average price of $33.17, for a total value of $8,624,200.00.

PBF Energy Trading Up 3.8%

Shares of NYSE:PBF traded up $1.32 on Wednesday, hitting $35.80. 4,393,358 shares of the company’s stock were exchanged, compared to its average volume of 2,752,282. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -7.70, 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 current ratio of 1.38 and a quick ratio of 0.59. The business’s 50 day simple moving average is $30.73 and its two-hundred day simple moving average is $30.25.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. TD Cowen reissued a “sell” rating on shares of PBF Energy in a research note on Friday, October 31st. Citigroup raised their price objective on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Wolfe Research cut PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $30.14.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently bought and sold shares of PBF. Smartleaf Asset Management LLC boosted its position 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 valued at $27,000 after acquiring an additional 589 shares in the last quarter. Torren Management LLC bought a new stake in PBF Energy during the fourth quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new position in PBF Energy in the fourth quarter valued at about $31,000. Deseret Mutual Benefit Administrators grew its stake 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 purchasing an additional 440 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in 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 purchasing an additional 912 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.