Thomas Nimbley Sells 169,925 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 169,925 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $72.65, for a total transaction of $12,345,051.25. Following the completion of the sale, the director owned 793,737 shares in the company, valued at approximately $57,664,993.05. This trade represents a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PBF Energy Trading Up 4.4%

Shares of NYSE PBF traded up $3.19 during midday trading on Monday, reaching $75.04. 2,944,438 shares of the stock were exchanged, compared to its average volume of 3,371,942. PBF Energy Inc. has a 12 month low of $22.13 and a 12 month high of $75.68. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.08 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The business has a 50-day simple moving average of $54.37 and a two-hundred day simple moving average of $45.46.

PBF Energy (NYSE:PBF) last released its quarterly earnings data 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 analysts’ expectations of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.03) EPS. As a group, equities research analysts expect that PBF Energy Inc. will post 15.74 EPS for the current year.

PBF Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on PBF Energy from $62.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group increased their target price on PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. TD Cowen raised their target price on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $50.15.

Institutional Trading of PBF Energy

Institutional investors have recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of PBF Energy during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC bought a new stake in PBF Energy in the 4th quarter valued at approximately $31,000. Leonteq Securities AG bought a new stake in PBF Energy in the 1st quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its position in PBF Energy by 65.3% during the 4th 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 last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in PBF Energy during the 4th quarter worth approximately $57,000. 96.29% of the stock is currently owned by institutional investors.

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.