Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $13,062,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 280,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $46.65, for a total value of $13,062,000.00. Following the transaction, the insider owned 16,862,128 shares of the company’s stock, valued at approximately $786,618,271.20. This represents a 1.63% decrease in their ownership of the stock. The transaction 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 Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were 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 stock was 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 shares were 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.
• 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 shares were 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 shares were sold at an average price of $45.91, for a total value 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.

PBF Energy Stock Up 5.4%

Shares of NYSE PBF traded up $2.46 during midday trading on Wednesday, hitting $47.98. The company’s stock had a trading volume of 2,940,082 shares, compared to its average volume of 3,413,234. The business’s fifty day simple moving average is $41.23 and its two-hundred day simple moving average is $38.02. 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 Inc. has a 1 year low of $21.24 and a 1 year high of $52.18. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.15 and a beta of 0.12.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned ($3.53) earnings per share. On average, equities analysts predict that PBF Energy Inc. will post 7.69 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.3%. PBF Energy’s dividend payout ratio is currently 29.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Torren Management LLC acquired a new stake in shares of PBF Energy during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new position in PBF Energy in the fourth quarter valued at approximately $31,000. Leonteq Securities AG acquired a new position in PBF Energy in the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased 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 valued at $38,000 after purchasing an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in PBF Energy in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PBF. Scotiabank boosted their target price on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Mizuho lifted their price objective on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. TD Cowen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating and upped their target price for the stock from $36.00 to $39.00 in a research note on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of PBF Energy in a report on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, PBF Energy has an average rating of “Reduce” and an average price target of $36.69.

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.