Control Empresarial De Capital Sells 120,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $38.33, for a total transaction of $4,599,600.00. Following the completion of the sale, the insider owned 27,471,198 shares of the company’s stock, valued at approximately $1,052,971,019.34. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 3rd, Control Empresarial De Capital sold 99,000 shares of PBF Energy stock. The stock was sold at an average price of $40.33, for a total value of $3,992,670.00.
• On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The stock was sold at an average price of $34.91, for a total value of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total value of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The shares were sold at an average price of $35.38, for a total value of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The shares were sold at an average price of $34.50, for a total value of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total value of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was sold at an average price of $35.62, for a total transaction of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The shares were sold at an average price of $34.66, for a total transaction of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.

PBF Energy Stock Up 12.7%

Shares of NYSE:PBF traded up $5.03 during midday trading on Wednesday, reaching $44.79. 6,972,531 shares of the company were exchanged, compared to its average volume of 2,884,794. The firm has a market cap of $5.24 billion, a PE ratio of -30.47, a P/E/G ratio of 5.33 and a beta of 0.41. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $45.13. The stock has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $31.59. 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 announced its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.17 billion. During the same period in the prior year, the business earned ($2.82) EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. PBF Energy’s dividend payout ratio (DPR) is -74.83%.

Institutional Trading of PBF Energy

A number of hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in shares of PBF Energy by 15.6% during the fourth quarter. Pacer Advisors Inc. now owns 19,473 shares of the oil and gas company’s stock worth $528,000 after purchasing an additional 2,635 shares during the period. Corient Private Wealth LLC boosted its stake in PBF Energy by 4.1% in the 4th quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 483 shares during the period. Empowered Funds LLC grew its holdings in PBF Energy by 7.3% in the 4th quarter. Empowered Funds LLC now owns 119,402 shares of the oil and gas company’s stock valued at $3,238,000 after buying an additional 8,154 shares in the last quarter. Voloridge Investment Management LLC increased its position in PBF Energy by 49.7% during the 4th quarter. Voloridge Investment Management LLC now owns 1,729,304 shares of the oil and gas company’s stock worth $46,899,000 after buying an additional 574,001 shares during the period. Finally, SummitTX Capital L.P. bought a new position in PBF Energy during the 4th quarter worth $821,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the subject of a number of analyst reports. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a research report on Monday, December 8th. Mizuho upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $38.00 in a research note on Friday, December 12th. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Citigroup upped their target price on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Tudor Pickering raised PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, PBF Energy has an average rating of “Reduce” and an average price target of $30.21.

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.