PBF Energy (NYSE:PBF) Insider Sells $8,974,800.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $74.79, for a total value of $8,974,800.00. Following the transaction, the insider owned 14,285,397 shares in the company, valued at approximately $1,068,404,841.63. This trade represents a 0.83% decrease in their position. The sale 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 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 value of $472,123.68.
• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The shares were sold at an average price of $72.18, for a total value of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $70.13, for a total transaction of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The stock was sold at an average price of $71.26, for a total transaction of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00.
• On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was 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 stock was 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 stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.

PBF Energy Price Performance

Shares of PBF stock opened at $73.56 on Friday. PBF Energy Inc. has a 12-month low of $22.20 and a 12-month high of $75.68. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $57.55 and a 200-day moving average of $46.78.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The business had revenue of $11.68 billion during the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.03) EPS. On average, equities research analysts forecast that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Analysts Set New Price Targets

PBF has been the topic of a number of research analyst reports. Citigroup raised their price target on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Evercore began coverage on PBF Energy in a research report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price objective for the company. Morgan Stanley increased their target price on PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, June 12th. Freedom Capital downgraded shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, UBS Group lifted their price target on shares of PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $50.92.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S bought a new stake in shares of PBF Energy in the second quarter valued at about $149,000. Headlands Technologies LLC bought a new position in shares of PBF Energy during the second quarter worth about $282,000. Quantitative Investment Management LLC acquired a new stake in PBF Energy in the 2nd quarter valued at approximately $399,000. Archer Investment Corp acquired a new stake in PBF Energy in the 2nd quarter valued at approximately $347,000. Finally, Wedge Capital Management L L P NC lifted its stake in PBF Energy by 19.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock valued at $1,996,000 after acquiring an additional 7,107 shares in the last quarter. 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.