PBF Energy (NYSE:PBF) Director Thomas Nimbley Sells 100,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 100,000 shares of PBF Energy stock in a transaction on Monday, August 17th. The shares were sold at an average price of $75.05, for a total value of $7,505,000.00. Following the sale, the director directly owned 793,737 shares of the company’s stock, valued at $59,569,961.85. This represents a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

PBF Energy Price Performance

Shares of NYSE PBF opened at $73.92 on Thursday. The stock’s 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $46.34. PBF Energy Inc. has a twelve month low of $22.13 and a twelve month high of $75.68. The firm has a market capitalization of $8.76 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.09 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.

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

PBF Energy Announces Dividend

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

More PBF Energy News

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81 while maintaining a neutral rating, indicating additional potential upside from recent levels. Goldman Sachs Price Target Update
• Positive Sentiment: The company continues to benefit from strong recent fundamentals. Second-quarter earnings significantly exceeded expectations, the Martinez refinery restart was completed, and gross debt declined by more than $1 billion. Tight fuel supplies and elevated gasoline prices could also support refining margins. PBF Energy Martinez Refinery Restart
• Neutral Sentiment: Analysts and quantitative screens continue to identify PBF Energy as a potential growth or value opportunity because of its low valuation and improving financial performance. However, the broader analyst consensus remains cautious, reflecting the cyclical nature of refining earnings. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas J. Nimbley sold 341,008 shares over August 17–19 for approximately $25.4 million, reducing his holdings by roughly 38% across the reported transactions. Control Empresarial de Capital also sold 120,000 shares for about $9.0 million and has made multiple recent sales. The scale and clustering of these transactions may signal profit-taking or raise concerns about insider confidence. PBF Energy Insider Sale Filings
• Negative Sentiment: PBF Energy’s rapid rally has brought valuation and margin sustainability into focus. Some analysts retain sell ratings, and the consensus price target remains well below the recent trading range, suggesting investors may be concerned that peak refining margins and earnings are not durable. PBF Energy Refining Margins and Valuation

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently modified their holdings of PBF. Goldman Sachs Group Inc. boosted its stake in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after purchasing an additional 3,550,820 shares in the last quarter. State Street Corp increased its position in shares of PBF Energy by 1.3% during the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock valued at $131,661,000 after buying an additional 60,294 shares during the period. Dimensional Fund Advisors LP raised its stake in PBF Energy by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock worth $207,953,000 after buying an additional 454,731 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in PBF Energy by 54.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after buying an additional 1,137,533 shares in the last quarter. Finally, Invesco Ltd. raised its stake in PBF Energy by 147.4% in the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PBF. Freedom Capital cut PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Evercore assumed coverage on PBF Energy in a research report on Friday, July 17th. They set an “in-line” rating and a $58.00 price objective on the stock. The Goldman Sachs Group boosted their target price on PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group increased their price target on shares of PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Scotiabank boosted their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $50.92.

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.