Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $14,965,100.00 in Stock

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 170,000 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $88.03, for a total transaction of $14,965,100.00. Following the completion of the transaction, the insider directly owned 13,326,127 shares in the company, valued at $1,173,098,959.81. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was sold at an average price of $84.13, for a total transaction of $10,095,600.00.
  • On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $82.00, for a total transaction of $8,200,000.00.
  • On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $80.60, for a total transaction of $12,090,000.00.
  • On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28.
  • On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62.
  • On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $77.02, for a total transaction of $7,702,000.00.
  • On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total transaction of $8,974,800.00.
  • On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total transaction of $472,123.68.
  • On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total transaction of $15,157,800.00.
  • On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $87.03 on Friday. The firm has a fifty day moving average of $75.67 and a two-hundred day moving average of $57.07. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.07 and a beta of 0.18. PBF Energy Inc. has a 52 week low of $25.62 and a 52 week high of $92.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33.

PBF Energy (NYSE:PBF – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%. The company had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the business posted ($1.03) EPS. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. As a group, equities research analysts predict that PBF Energy Inc. will post 24.69 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 14th. PBF Energy’s dividend payout ratio is currently 9.73%.

Hedge Funds Weigh In On PBF Energy

Several institutional investors and hedge funds have recently made changes to their positions in PBF. State of Alaska Department of Revenue raised its stake in PBF Energy by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,420 shares of the oil and gas company’s stock worth $955,000 after buying an additional 612 shares during the period. Curated Wealth Partners LLC bought a new position in PBF Energy during the third quarter worth about $394,000. Mather Group LLC. bought a new position in PBF Energy during the third quarter worth about $37,000. Triumph Capital Management acquired a new position in PBF Energy in the third quarter valued at about $409,000. Finally, Krilogy Financial LLC grew its stake in PBF Energy by 6.8% in the third quarter. Krilogy Financial LLC now owns 9,838 shares of the oil and gas company’s stock valued at $836,000 after acquiring an additional 626 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

PBF has been the topic of a number of recent analyst reports. Mizuho raised their target price on PBF Energy from $65.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of PBF Energy in a research note on Thursday, October 1st. Morgan Stanley upped their price target on PBF Energy from $38.00 to $76.00 and gave the company an “underweight” rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of PBF Energy from $81.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.55.

Check Out Our Latest Report on PBF

PBF Energy Company Profile

(Get Free Report)

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.

See Also

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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