PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 70,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00. Following the transaction, the insider directly owned 19,253,698 shares of the company’s stock, valued at $906,849,175.80. The trade was a 0.36% 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, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The stock was sold at an average price of $46.18, for a total transaction of $6,003,400.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total transaction of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total transaction of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $50.74, for a total transaction of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The stock was sold at an average price of $51.14, for a total transaction of $4,346,900.00.
• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total transaction of $23,221,968.00.
• On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The shares were sold at an average price of $49.49, for a total transaction of $34,024,375.00.
• 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 transaction of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The shares were sold at an average price of $48.84, for a total transaction of $16,605,600.00.
• 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 transaction of $2,609,360.00.

PBF Energy Price Performance

PBF stock traded down $3.28 during trading on Wednesday, hitting $42.90. 4,972,243 shares of the stock traded hands, compared to its average volume of 3,830,089. PBF Energy Inc. has a one year low of $13.82 and a one year high of $52.18. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of -29.18, a P/E/G ratio of 0.56 and a beta of 0.25. The company has a 50 day simple moving average of $40.31 and a 200 day simple moving average of $34.77. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40.

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

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s dividend payout ratio (DPR) is currently -74.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on shares of PBF Energy from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen raised shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank upgraded shares of PBF Energy to a “hold” rating in a research report on Friday, March 27th. Finally, Mizuho raised their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $32.92.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Merit Financial Group LLC increased its position in PBF Energy by 3.0% in the 3rd quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 276 shares in the last quarter. Verdence Capital Advisors LLC increased its position in PBF Energy by 2.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock valued at $478,000 after acquiring an additional 348 shares in the last quarter. Arizona State Retirement System increased its position in PBF Energy by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock valued at $774,000 after acquiring an additional 353 shares in the last quarter. Next Level Private LLC increased its position in PBF Energy by 0.6% in the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after acquiring an additional 378 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in PBF Energy by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock valued at $863,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Company Profile

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.