Control Empresarial De Capital Sells 31,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 31,000 shares of PBF Energy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $43.56, for a total transaction of $1,350,360.00. Following the completion of the transaction, the insider owned 18,437,698 shares in the company, valued at approximately $803,146,124.88. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $9,587,600.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $44.87, for a total transaction of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total transaction of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $50.74, for a total transaction of $10,148,000.00.

PBF Energy Trading Down 0.3%

NYSE PBF opened at $42.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. The firm has a market cap of $5.04 billion, a PE ratio of 11.49, a P/E/G ratio of 0.16 and a beta of 0.12. PBF Energy Inc. has a one year low of $18.10 and a one year high of $52.18. The firm’s fifty day moving average is $42.34 and its two-hundred day moving average is $37.22.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.53) earnings per share. Analysts expect that PBF Energy Inc. will post 6.7 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is currently 29.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in PBF Energy by 6.8% during the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after buying an additional 242 shares during the period. Bull Harbor Capital LLC acquired a new position in PBF Energy during the first quarter worth about $212,000. Amundi acquired a new position in PBF Energy during the first quarter worth about $1,574,000. EverSource Wealth Advisors LLC grew its position in PBF Energy by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock worth $225,000 after buying an additional 931 shares during the period. Finally, California State Teachers Retirement System grew its position in PBF Energy by 23.6% during the first quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock worth $4,823,000 after buying an additional 19,354 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on PBF. Wall Street Zen cut shares of PBF Energy from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Mizuho increased their price target on shares of PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $36.15.

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.