PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 100,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $54.52, for a total transaction of $5,452,000.00. Following the completion of the transaction, the insider owned 15,712,128 shares in the company, valued at $856,625,218.56. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $49.14, for a total value of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total value of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total value of $26,425,200.00.
• 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 value of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The shares were sold at an average price of $42.01, for a total value of $8,635,995.70.
• 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 value 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.

PBF Energy Stock Up 5.9%

NYSE:PBF opened at $60.82 on Wednesday. PBF Energy Inc. has a 1-year low of $21.24 and a 1-year high of $61.02. The company has a 50-day moving average of $43.30 and a 200 day moving average of $39.73. The firm has a market cap of $7.20 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.18 and a beta of 0.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter in the previous year, the company earned ($3.53) earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that PBF Energy Inc. will post 8.26 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. PBF Energy’s dividend payout ratio is currently 29.65%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBF shares. Scotiabank upped their price objective on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Zacks Research cut shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. The Goldman Sachs Group started coverage on shares of PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, BMO Capital Markets upped their price target on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $38.50.

Key PBF Energy News

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

• Positive Sentiment: Mizuho raised its price target on PBF Energy to $57 from $48, signaling improved expectations for the company’s outlook even though the firm kept a neutral rating. Read More
• Positive Sentiment: Analyst coverage and comparison pieces are highlighting PBF Energy as a refinery stock with turnaround potential, which may be helping sentiment around the name. Article Title
• Neutral Sentiment: Articles noting that Russell 1000 investors are watching PBF suggest the stock is on the radar, but do not point to a direct operational catalyst. Article Title
• Negative Sentiment: Control Empresarial De Capital disclosed a sale of 100,000 shares, adding to investor concerns about insider selling after a strong run in the stock. Article Title
• Negative Sentiment: Wall Street Zen downgraded PBF Energy to Hold, and GuruFocus flagged the shares as potentially overvalued after the recent rally, which may be pressuring sentiment. Article Title Article Title

Institutional Investors Weigh In On PBF Energy

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in PBF Energy by 127.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after buying an additional 3,550,820 shares during the last quarter. Hsbc Holdings PLC raised its position in PBF Energy by 81.7% during the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after buying an additional 30,430 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in PBF Energy during the 4th quarter valued at approximately $1,485,000. Jefferies Financial Group Inc. lifted its stake in PBF Energy by 7,210.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock valued at $17,037,000 after acquiring an additional 619,622 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its stake in PBF Energy by 351.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock valued at $7,200,000 after acquiring an additional 206,666 shares during the period. Hedge funds and other institutional investors 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.