PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 150,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00. Following the completion of the sale, the insider owned 14,621,753 shares in the company, valued at $1,025,423,537.89. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total transaction of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00.
• On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.
• 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 value 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 value 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 value of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $46.94, for a total value 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 value 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 value of $26,425,200.00.

PBF Energy Price Performance

Shares of NYSE:PBF opened at $74.42 on Friday. The firm has a market capitalization of $8.82 billion, a PE ratio of 6.59, a PEG ratio of 0.08 and a beta of 0.10. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. PBF Energy Inc. has a 1-year low of $22.08 and a 1-year high of $74.74. The business’s 50 day moving average is $53.79 and its 200-day moving average is $45.18.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The business 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 period in the prior year, the company posted ($1.03) earnings per share. Sell-side analysts predict that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PBF. Scotiabank raised 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. Morgan Stanley upped their target price on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. Mizuho increased their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Finally, TD Cowen lifted their price objective on PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $50.15.

Key Stories Impacting PBF Energy

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

• Negative Sentiment: Control Empresarial De Capital, a major PBF Energy holder, sold a combined 370,375 shares on August 11–12 for approximately $25.7 million. The transactions reduced its position by about 2.5%, though it still owns roughly 14.6 million shares. Control Empresarial De Capital SEC filing
• Negative Sentiment: Director Thomas J. Nimbley sold 260,063 shares for approximately $17.6 million, cutting his holdings by 24.7% to 793,737 shares. The size of the reduction could weigh on sentiment, particularly after PBF’s recent advance. Thomas J. Nimbley SEC filing
• Negative Sentiment: SVP Paul T. Davis sold 63,295 shares for approximately $4.5 million, reducing his ownership by 25.7% to 183,426 shares. CFO Joseph Daniel Marino also sold 4,033 shares worth about $279,000, lowering his holdings by 7.6% to 48,851 shares. Paul T. Davis SEC filing Joseph Daniel Marino SEC filing

Hedge Funds Weigh In On PBF Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares during the last quarter. Invesco Ltd. raised its holdings in shares of 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 valued at $83,639,000 after buying an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of PBF Energy by 230.7% in the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock valued at $45,183,000 after buying an additional 1,454,500 shares during the last quarter. Norges Bank acquired a new position in PBF Energy during the 4th quarter worth about $34,243,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in PBF Energy by 2,198.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after buying an additional 1,159,628 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About PBF Energy

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.