PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 340,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $48.84, for a total value of $16,605,600.00. Following the sale, the insider directly owned 22,604,898 shares of the company’s stock, valued at $1,104,023,218.32. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The shares were sold at an average price of $47.02, for a total value of $22,193,440.00.
- On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total value of $2,609,360.00.
- On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The stock was sold at an average price of $46.21, for a total value of $50,831,000.00.
- On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total value of $26,658,000.00.
- On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The stock was sold at an average price of $44.29, for a total value of $2,179,068.00.
- On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $43.30, for a total transaction of $16,454,000.00.
- On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total transaction of $11,540,750.00.
- On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The stock was sold at an average price of $41.91, for a total transaction of $35,120,580.00.
- On Tuesday, March 10th, Control Empresarial De Capital sold 22,000 shares of PBF Energy stock. The stock was sold at an average price of $40.08, for a total transaction of $881,760.00.
- On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The stock was sold at an average price of $46.57, for a total transaction of $9,546,850.00.
PBF Energy Stock Up 7.5%
Shares of NYSE:PBF opened at $50.08 on Wednesday. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $50.64. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $37.11 and its 200-day simple moving average is $33.46. The company has a market cap of $5.86 billion, a price-to-earnings ratio of -34.07, a PEG ratio of 4.96 and a beta of 0.41.
PBF Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s dividend payout ratio is -74.83%.
Hedge Funds Weigh In On PBF Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in PBF Energy by 197.7% during the third 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 in the last quarter. Torren Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at $31,000. Deseret Mutual Benefit Administrators raised its stake in shares of PBF Energy by 62.3% during the 3rd 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. Finally, Hantz Financial Services Inc. raised its stake in shares of PBF Energy by 235.7% during the 3rd 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. 96.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on PBF shares. Wolfe Research cut PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Monday, December 8th. The Goldman Sachs Group increased their price objective on PBF Energy from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Tudor Pickering raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. BMO Capital Markets reissued a “market perform” rating and issued a $34.00 target price on shares of PBF Energy in a report on Monday, January 5th. Finally, Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of “Reduce” and an average target price of $31.69.
Check Out Our Latest Stock Analysis on PBF Energy
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.
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