PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 250,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $34.91, for a total transaction of $8,727,500.00. Following the completion of the transaction, the insider owned 27,591,198 shares of the company’s stock, valued at approximately $963,208,722.18. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total transaction of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The stock was sold at an average price of $35.38, for a total value of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The shares were sold at an average price of $34.50, for a total value of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total transaction of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were sold at an average price of $35.62, for a total transaction of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The shares were sold at an average price of $34.66, for a total transaction of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The stock was sold at an average price of $35.07, for a total value of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $33.85, for a total value of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total value of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total transaction of $1,192,450.00.

PBF Energy Price Performance

PBF traded up $0.99 on Thursday, reaching $35.98. The company had a trading volume of 2,790,491 shares, compared to its average volume of 3,392,223. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week high of $41.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -24.48, a P/E/G ratio of 4.71 and a beta of 0.50. The business has a 50 day simple moving average of $31.46 and a 200 day simple moving average of $31.01.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the prior year, the company earned ($2.82) EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.1%. PBF Energy’s payout ratio is presently -74.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PBF. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a research note on Monday, January 5th. Piper Sandler increased their target price on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Mizuho raised shares of PBF Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $38.00 in a report on Friday, December 12th. Finally, Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $30.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in PBF Energy during the third quarter worth $10,207,000. Nomura Holdings Inc. bought a new stake in shares of PBF Energy in the 2nd quarter worth about $5,843,000. Allianz Asset Management GmbH boosted its stake in shares of PBF Energy by 1,232.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company’s stock worth $8,058,000 after purchasing an additional 247,039 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in PBF Energy by 264.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company’s stock valued at $2,922,000 after purchasing an additional 70,312 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of PBF Energy during the third quarter valued at approximately $3,890,000. Institutional investors own 96.29% of the company’s stock.

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.