Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $8,200,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $82.00, for a total value of $8,200,000.00. Following the sale, the insider directly owned 13,616,127 shares of the company’s stock, valued at $1,116,522,414. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $84.13, for a total value of $10,095,600.00.
• On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $80.60, for a total value of $12,090,000.00.
• On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28.
• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was sold at an average price of $77.23, for a total value of $269,841.62.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total value of $7,702,000.00.
• On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total transaction of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total transaction of $472,123.68.
• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total transaction of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was 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.

PBF Energy Stock Up 0.7%

Shares of NYSE:PBF opened at $83.49 on Thursday. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.06 and a beta of 0.18. The firm’s 50-day simple moving average is $73.18 and its 200-day simple moving average is $55.45. 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 Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $85.75.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.15 by $2.07. The firm 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 revenue for the quarter was up 56.2% on a year-over-year basis. During the same period in the prior year, the company posted ($1.03) earnings per share. As a group, equities research analysts predict that PBF Energy Inc. will post 24.87 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.2750 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently modified their holdings of PBF. Dimensional Fund Advisors LP increased its stake in PBF Energy by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after purchasing an additional 454,731 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of PBF Energy by 127.9% in the fourth 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 buying an additional 3,550,820 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 valued at $153,452,000 after buying an additional 1,137,533 shares in the last quarter. Norges Bank acquired a new position in shares of PBF Energy during the 4th quarter worth $34,243,000. Finally, Sei Investments Co. raised its stake in shares of PBF Energy by 41.4% during the 1st quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company’s stock worth $17,367,000 after buying an additional 106,819 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of PBF Energy in a report on Thursday, October 1st. Citigroup raised their target price on PBF Energy from $74.00 to $91.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group restated a “buy” rating and set a $99.00 target price on shares of PBF Energy in a research report on Monday. Mizuho boosted their target price on shares of PBF Energy from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Evercore assumed coverage on shares of PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.45.

PBF Energy Company Profile

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.