PBF Energy (NYSE:PBF) Insider Sells 200,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 200,000 shares of PBF Energy stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $42.79, for a total value of $8,558,000.00. Following the completion of the sale, the insider directly owned 17,712,128 shares in the company, valued at $757,901,957.12. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total transaction of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was 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 stock was 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 value 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 value 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 value of $6,003,400.00.

PBF Energy Trading Up 7.9%

NYSE PBF traded up $3.42 on Monday, hitting $46.53. 4,284,045 shares of the stock were exchanged, compared to its average volume of 3,424,251. 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 stock has a fifty day moving average price of $40.99 and a two-hundred day moving average price of $37.82. The firm has a market capitalization of $5.50 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.14 and a beta of 0.12. PBF Energy Inc. has a 52-week low of $21.24 and a 52-week high of $52.18.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the firm earned ($3.53) EPS. The company’s revenue was up 11.9% on a year-over-year basis. Research analysts forecast that PBF Energy Inc. will post 7.69 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.4%. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

Analyst Upgrades and Downgrades

PBF has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Scotiabank boosted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Mizuho lifted their price objective on shares of PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $36.69.

Institutional Trading of PBF Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Torren Management LLC purchased a new stake in PBF Energy in the fourth quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new position in PBF Energy during the 4th quarter valued at about $31,000. Leonteq Securities AG purchased a new position in PBF Energy during the 1st quarter valued at about $33,000. Smartleaf Asset Management LLC lifted its position in shares of PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in PBF Energy during the fourth quarter valued at approximately $57,000. 96.29% of the stock is currently owned by 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.