Control Empresarial De Capital Sells 50,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $32.31, for a total value of $1,615,500.00. Following the completion of the transaction, the insider directly owned 30,773,498 shares of the company’s stock, valued at $994,291,720.38. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PBF Energy Stock Up 0.3%

PBF Energy stock traded up $0.11 during mid-day trading on Tuesday, hitting $32.90. The company had a trading volume of 4,010,465 shares, compared to its average volume of 5,200,775. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The business has a fifty day moving average of $32.14 and a 200 day moving average of $28.99. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -7.08, a PEG ratio of 1.18 and a beta of 0.47.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.50) EPS. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.3%. PBF Energy’s dividend payout ratio is -23.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PBF shares. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a research note on Monday, December 29th. Cowen reaffirmed a “sell” rating on shares of PBF Energy in a report on Friday, October 31st. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a research report on Monday, December 8th. Piper Sandler set a $41.00 price objective on shares of PBF Energy in a research report on Monday. Finally, TD Cowen lifted their price objective on shares of PBF Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Reduce” and a consensus target price of $29.64.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently made changes to their positions in PBF. Merit Financial Group LLC increased its holdings in shares of PBF Energy by 3.0% in the 3rd quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 276 shares in the last quarter. Verdence Capital Advisors LLC grew its position in PBF Energy by 2.5% during the third quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock worth $478,000 after buying an additional 348 shares during the period. Arizona State Retirement System grew its position in PBF Energy by 1.4% during the third quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock worth $774,000 after buying an additional 353 shares during the period. Next Level Private LLC increased its holdings in PBF Energy by 0.6% in the fourth quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after buying an additional 378 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PBF Energy by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock valued at $863,000 after acquiring an additional 432 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.