Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $5,452,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $54.52, for a total value of $5,452,000.00. Following the sale, the insider owned 15,712,128 shares in the company, valued at $856,625,218.56. The trade was a 0.63% decrease in their position. 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 Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $49.14, for a total transaction of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total transaction of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total transaction of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total transaction of $8,558,000.00.
• 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 transaction of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total transaction of $9,587,600.00.

PBF Energy Stock Up 3.7%

Shares of NYSE PBF opened at $60.91 on Friday. PBF Energy Inc. has a 1 year low of $21.24 and a 1 year high of $61.58. The firm has a 50-day simple moving average of $44.05 and a two-hundred day simple moving average of $40.20. The company has a market cap of $7.21 billion, a P/E ratio of 16.42, a PEG ratio of 0.15 and a beta of 0.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62.

PBF Energy (NYSE:PBF) last released its earnings results 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). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the company posted ($3.53) EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts anticipate that PBF Energy Inc. will post 9.76 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is 29.65%.

Institutional Investors Weigh In On PBF Energy

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Zacks Research downgraded shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Citigroup lifted their price objective on shares of PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, TD Cowen raised shares of PBF Energy from a “sell” rating to a “hold” rating and boosted their price objective for the company from $36.00 to $39.00 in a research report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $38.50.

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.