Control Empresarial De Capital Sells 40,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 40,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $33.79, for a total value of $1,351,600.00. Following the completion of the transaction, the insider directly owned 30,358,498 shares of the company’s stock, valued at approximately $1,025,813,647.42. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total transaction of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total value of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The stock was sold at an average price of $32.31, for a total value of $1,615,500.00.

PBF Energy Stock Performance

PBF stock traded up $0.39 during trading on Friday, reaching $33.39. The stock had a trading volume of 2,655,409 shares, compared to its average volume of 4,361,494. The stock’s 50 day moving average is $31.17 and its two-hundred day moving average is $29.39. The firm has a market cap of $3.87 billion, a PE ratio of -7.18, a PEG ratio of 2.56 and a beta of 0.47. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47. The company has a current ratio of 1.38, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.17. The firm had revenue of $7.65 billion for 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 business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.50) EPS. As a group, equities analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. PBF Energy’s dividend payout ratio (DPR) is -23.66%.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of PBF Energy in the third quarter worth about $10,207,000. Nomura Holdings Inc. acquired a new stake in PBF Energy during the 2nd quarter worth $5,843,000. Creative Planning lifted its position in PBF Energy by 64.8% during the second quarter. Creative Planning now owns 92,976 shares of the oil and gas company’s stock worth $2,015,000 after buying an additional 36,571 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of PBF Energy by 133.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,034,597 shares of the oil and gas company’s stock valued at $22,420,000 after buying an additional 591,975 shares during the period. Finally, Callan Family Office LLC acquired a new position in PBF Energy in the second quarter valued at about $222,000. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

PBF has been the subject of several analyst reports. Citigroup increased their target price on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Mizuho upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $38.00 in a research note on Friday, December 12th. UBS Group upped their target price on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group raised their price target on PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, TD Cowen reissued a “sell” rating on shares of PBF Energy in a report on Friday, October 31st. Two 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. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $30.14.

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.