PBF Energy (NYSE:PBF) CFO Joseph Daniel Marino Sells 4,033 Shares of Stock

PBF Energy Inc. (NYSE:PBF) CFO Joseph Daniel Marino sold 4,033 shares of PBF Energy stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $69.15, for a total transaction of $278,881.95. Following the sale, the chief financial officer owned 48,851 shares in the company, valued at $3,378,046.65. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PBF Energy Trading Up 5.8%

Shares of PBF Energy stock opened at $74.42 on Friday. The firm has a market capitalization of $8.82 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The company’s fifty day moving average price is $53.79 and its two-hundred day moving average price is $45.18. PBF Energy Inc. has a 52-week low of $22.08 and a 52-week high of $74.74.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the firm earned ($1.03) EPS. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, analysts expect that PBF Energy Inc. will post 15.74 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy’s dividend payout ratio is 9.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PBF. Royal Bank of Canada increased its holdings in PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock valued at $590,000 after purchasing an additional 12,025 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PBF Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 2,609 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock worth $4,996,000 after purchasing an additional 12,289 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of PBF Energy by 261.0% during the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,354 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of PBF Energy during the second quarter worth $1,143,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on PBF Energy from $51.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Mizuho increased their price objective on PBF Energy from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Finally, Morgan Stanley upped their target price on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, PBF Energy currently has an average rating of “Reduce” and a consensus target price of $50.15.

Key Headlines Impacting PBF Energy

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF Energy’s latest quarterly results were significantly better than expected: earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue increased 56.2% year over year to $11.68 billion. Analysts project full-year earnings of approximately $15.74 per share. Refining industry article
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, equivalent to $1.10 annually and a yield of roughly 1.5%. PBF’s low payout ratio provides additional dividend coverage. Energy stocks article
• Neutral Sentiment: Analyst opinion remains mixed. UBS raised its price target to $84 and maintained a buy rating, while several other firms retained neutral or sell ratings. The consensus target of $50.15 is well below recent trading levels, suggesting valuation and refining-cycle concerns remain. Oil refiners analyst coverage
• Negative Sentiment: Several insiders sold substantial positions: Control Empresarial De Capital sold 370,375 shares for about $25.7 million, Director Thomas J. Nimbley sold roughly $17.6 million, and SVP Paul Davis sold about $4.5 million. CFO Joseph Marino also sold approximately $279,000. Although the insiders retain significant holdings, the scale of the sales may raise concerns about profit-taking near elevated price levels. PBF insider SEC filings

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.