James Fedena Sells 77,085 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) SVP James Fedena sold 77,085 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $49.60, for a total value of $3,823,416.00. Following the completion of the sale, the senior vice president owned 139,016 shares of the company’s stock, valued at $6,895,193.60. The trade was a 35.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PBF Energy Price Performance

NYSE:PBF traded up $0.24 on Thursday, reaching $46.33. 537,319 shares of the company’s stock traded hands, compared to its average volume of 3,816,074. The stock has a 50-day simple moving average of $39.28 and a 200-day simple moving average of $34.29. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $52.18. The firm has a market cap of $5.42 billion, a PE ratio of -31.65, a P/E/G ratio of 0.59 and a beta of 0.24. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

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

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. PBF Energy’s dividend payout ratio (DPR) is presently -74.83%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 target price on shares of PBF Energy in a research note on Monday, January 5th. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Mizuho upped their price objective on PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Scotiabank upgraded PBF Energy to a “hold” rating in a research report on Friday, March 27th. Two 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 stock. According to data from MarketBeat, PBF Energy has an average rating of “Reduce” and an average price target of $31.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its position 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 worth $27,000 after acquiring an additional 589 shares in the last quarter. Torren Management LLC purchased a new stake in PBF Energy during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in shares of PBF Energy in the 4th quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators lifted its stake in shares of PBF Energy by 62.3% in the 3rd 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. boosted its holdings in shares of PBF Energy by 235.7% in the 3rd 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 during the period. Institutional investors own 96.29% of the company’s stock.

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.