PBF Energy (NYSE:PBF) Insider Sells $10,100,200.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 220,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the sale, the insider directly owned 18,468,698 shares in the company, valued at approximately $847,897,925.18. The trade was a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $8,974,000.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $44.41, for a total transaction 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 transaction 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 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 stock was sold at an average price of $49.44, for a total transaction of $23,221,968.00.

PBF Energy Stock Performance

NYSE PBF opened at $40.71 on Friday. The firm’s fifty day moving average price is $43.05 and its two-hundred day moving average price is $36.29. The stock has a market cap of $4.76 billion, a PE ratio of 10.97, a PEG ratio of 0.16 and a beta of 0.15. PBF Energy Inc. has a fifty-two week low of $17.53 and a fifty-two week high of $52.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.53) EPS. On average, equities analysts expect that PBF Energy Inc. will post 6.21 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s payout ratio is currently 29.65%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PBF. Piper Sandler boosted their price objective on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Scotiabank upped their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Citigroup upped their price objective on shares of PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $35.92.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of PBF Energy by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 260 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of PBF Energy by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after purchasing an additional 454,731 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of PBF Energy by 361.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 189,148 shares of the oil and gas company’s stock worth $8,718,000 after acquiring an additional 148,124 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of PBF Energy during the first quarter worth about $8,527,000. Finally, Archer Investment Corp bought a new stake in shares of PBF Energy during the first quarter worth about $231,000. 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.