Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 205,570 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 205,570 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $42.01, for a total transaction of $8,635,995.70. Following the transaction, the insider owned 17,912,128 shares in the company, valued at $752,488,497.28. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $42.79, for a total transaction of $8,558,000.00.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $43.17, for a total transaction of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total value of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The stock was sold at an average price of $43.50, for a total value of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total transaction of $6,003,400.00.

PBF Energy Stock Performance

PBF stock traded up $3.42 during trading on Monday, hitting $46.53. 4,284,045 shares of the company’s stock traded hands, compared to its average volume of 3,424,251. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.14 and a beta of 0.12. PBF Energy Inc. has a 52 week low of $21.24 and a 52 week high of $52.18. The stock has a fifty day moving average price of $40.99 and a two-hundred day moving average price of $37.82. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the business earned ($3.53) EPS. The business’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that PBF Energy Inc. will post 7.69 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of analyst reports. TD Cowen upgraded PBF Energy from a “sell” rating to a “hold” rating and boosted their price objective for the company from $36.00 to $39.00 in a research report on Monday. Morgan Stanley upped their price target on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, June 12th. Scotiabank boosted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of PBF Energy from a “buy” rating to a “hold” rating in a research note on Sunday. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $36.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in PBF Energy during the fourth quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the 4th quarter valued at $31,000. Leonteq Securities AG bought a new position in PBF Energy during the 1st quarter valued at $33,000. Smartleaf Asset Management LLC raised its stake in shares of PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after buying an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of PBF Energy in the 4th quarter worth $57,000. 96.29% of the stock is currently owned by institutional investors.

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.