PBF Energy (NYSE:PBF) SVP James Fedena Sells 24,756 Shares of Stock

PBF Energy Inc. (NYSE:PBF) SVP James Fedena sold 24,756 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $71.83, for a total value of $1,778,223.48. Following the transaction, the senior vice president owned 114,260 shares in the company, valued at approximately $8,207,295.80. This trade represents a 17.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PBF Energy Trading Down 7.3%

Shares of NYSE:PBF opened at $61.08 on Thursday. The business’s 50-day moving average is $50.75 and its 200 day moving average is $43.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a 1 year low of $21.46 and a 1 year high of $74.74. The firm has a market capitalization of $7.23 billion, a P/E ratio of 5.40, a P/E/G ratio of 0.09 and a beta of 0.10.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter last year, the company earned ($1.03) earnings per share. The company’s quarterly revenue was up 56.2% on a year-over-year basis. On average, research analysts predict that PBF Energy Inc. will post 12.56 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.275 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. PBF Energy’s dividend payout ratio (DPR) is 9.73%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley raised their price target 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. Citigroup boosted their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Mizuho upped their target price on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Finally, Evercore assumed coverage on PBF Energy in a research note on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $50.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its stake in PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 242 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 worth $326,000 after buying an additional 260 shares during the period. Merit Financial Group LLC boosted its stake in shares of PBF Energy by 3.4% during the fourth quarter. Merit Financial Group LLC now owns 9,900 shares of the oil and gas company’s stock worth $268,000 after buying an additional 325 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of PBF Energy by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock worth $375,000 after buying an additional 383 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PBF Energy by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Key PBF Energy News

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

• Positive Sentiment: PBF Energy’s latest quarterly results materially exceeded expectations. Earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue reached $11.68 billion, a 56.2% year-over-year increase. The results support upward earnings revisions and reflect strong refining profitability. PBF Energy earnings analysis
• Positive Sentiment: Zacks highlighted PBF as a stock with strong relative price strength, positive estimate revisions and solid fundamentals. Its low valuation—recently about 5 to 6 times earnings—could attract value-focused investors. Stocks with relative price strength
• Positive Sentiment: The company declared its regular quarterly dividend of $0.275 per share, payable August 28 to shareholders of record August 14. The annualized dividend is $1.10, with a relatively low payout ratio of 9.73%. Analyst actions have also included higher targets, including UBS’s $84 objective and a reported $74 target. PBF Energy price target and dividend
• Neutral Sentiment: Analyst opinion remains divided. Some firms have raised price targets or upgraded the shares, but the broader consensus is still cautious, with multiple Hold and Sell ratings and consensus targets below recent trading levels.
• Negative Sentiment: Insiders disclosed a cluster of large sales following PBF’s rally. CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, SVP Paul T. Davis sold 75,997 shares for about $5.0 million, SVP James E. Fedena sold 24,756 shares for roughly $1.8 million, and director Thomas J. Nimbley sold 468,139 shares for approximately $32.6 million. Control Empresarial De Capital separately sold 490,000 shares for about $34.9 million. Although several sellers retain sizable stakes, the scale and timing of the transactions may be pressuring sentiment. PBF Energy insider selling

About PBF Energy

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.