Control Empresarial De Capital Sells 99,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 99,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $40.33, for a total value of $3,992,670.00. Following the transaction, the insider directly owned 27,372,198 shares in the company, valued at $1,103,920,745.34. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 2nd, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $38.33, for a total transaction of $4,599,600.00.
• On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The stock was sold at an average price of $34.91, for a total transaction of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total value of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The shares were sold at an average price of $35.38, for a total value of $15,921,000.00.
• 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 transaction of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total transaction of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was 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 shares were 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 stock was sold at an average price of $35.07, for a total transaction 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 transaction of $6,770,000.00.

PBF Energy Price Performance

PBF stock traded up $5.03 during trading on Wednesday, hitting $44.79. The stock had a trading volume of 6,972,531 shares, compared to its average volume of 2,884,794. The stock has a market capitalization of $5.24 billion, a P/E ratio of -30.47, a PEG ratio of 5.33 and a beta of 0.41. The company’s 50-day moving average price is $32.73 and its two-hundred day moving average price is $31.59. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $45.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51.

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

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a $0.275 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. PBF Energy’s dividend payout ratio is -74.83%.

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after buying an additional 3,550,820 shares during the period. State Street Corp raised its stake in shares of PBF Energy by 1.3% during the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock valued at $131,661,000 after purchasing an additional 60,294 shares during the period. Invesco Ltd. increased its stake in PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the period. AQR Capital Management LLC lifted its stake in shares of PBF Energy by 20.1% in the third quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company’s stock worth $75,524,000 after acquiring an additional 418,223 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of PBF Energy by 16.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,400,702 shares of the oil and gas company’s stock valued at $65,108,000 after purchasing an additional 331,404 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on PBF. Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Piper Sandler increased their target price on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Zacks Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $38.00 in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $30.21.

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.