PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 220,000 Shares

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 220,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $43.58, for a total transaction of $9,587,600.00. Following the transaction, the insider directly owned 18,217,698 shares of the company’s stock, valued at approximately $793,927,278.84. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total transaction of $1,350,360.00.
  • On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total transaction of $8,974,000.00.
  • On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00.
  • On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $44.41, for a total transaction of $133,230.00.
  • On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The stock was sold at an average price of $43.50, for a total transaction of $15,747,000.00.
  • On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
  • On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The stock was sold at an average price of $46.18, for a total transaction of $6,003,400.00.
  • On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total transaction of $30,312,000.00.
  • On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total transaction of $31,824,520.00.
  • On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $50.74, for a total transaction of $10,148,000.00.

PBF Energy Trading Up 0.6%

Shares of PBF opened at $42.79 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $42.47 and a 200-day simple moving average of $37.18. PBF Energy Inc. has a 1-year low of $17.53 and a 1-year high of $52.18. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.16 and a beta of 0.12.

PBF Energy (NYSE:PBFGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the business earned ($3.53) earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that PBF Energy Inc. will post 6.7 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. PBF Energy’s dividend payout ratio (DPR) is 29.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PBF. TD Cowen decreased their target price on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, April 27th. Scotiabank raised their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Mizuho raised their target price on shares of PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Citigroup raised their target price on shares of PBF Energy from $36.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Morgan Stanley raised their target price on shares of PBF Energy from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $36.15.

Read Our Latest Stock Analysis on PBF Energy

Institutional Trading of PBF Energy

A number of hedge funds have recently bought and sold shares of PBF. Smartleaf Asset Management LLC boosted its holdings in shares of PBF Energy by 197.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Torren Management LLC acquired a new position in shares of PBF Energy in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy in the 4th quarter valued at $31,000. Leonteq Securities AG acquired a new position in shares of PBF Energy in the 1st quarter valued at $33,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of PBF Energy by 235.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 912 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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