PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 120,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $74.79, for a total transaction of $8,974,800.00. Following the completion of the sale, the insider directly owned 14,285,397 shares of the company’s stock, valued at approximately $1,068,404,841.63. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total transaction of $472,123.68.
• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The shares were sold at an average price of $72.18, for a total transaction of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00.
• 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 value of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was 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 stock was sold at an average price of $54.52, for a total value 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 stock was sold at an average price of $52.29, for a total transaction 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.

PBF Energy Stock Down 1.7%

Shares of NYSE PBF traded down $1.28 during mid-day trading on Wednesday, hitting $73.92. The company had a trading volume of 2,025,751 shares, compared to its average volume of 3,355,374. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a 1-year low of $22.13 and a 1-year high of $75.68. The business’s 50-day simple moving average is $55.72 and its 200 day simple moving average is $46.05. The company has a market capitalization of $8.76 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the company earned ($1.03) EPS. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio is presently 9.73%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PBF shares. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Freedom Capital cut PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Citigroup increased their price target on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Scotiabank lifted 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 note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $50.92.

PBF Energy News Summary

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

• Positive Sentiment: Analysts and market commentators continue to highlight PBF’s growth potential, supported by above-average financial growth, a low valuation and favorable business momentum. PBF Energy is an Incredible Growth Stock
• Positive Sentiment: Strong refining margins and tight fuel markets remain supportive for independent refiners. PBF’s Martinez refinery restart, completed in May, removes a significant operational overhang and could improve earnings capacity. PBF Energy Martinez Refinery Restart
• Positive Sentiment: Goldman Sachs raised its PBF price target from $71 to $81 while maintaining a neutral rating, implying further potential upside based on current estimates. Goldman Sachs Price Target Update
• Neutral Sentiment: PBF reported adjusted second-quarter earnings of $6.22 per share, well above the $4.15 consensus estimate, with revenue up 56.2% year over year. The company also reduced gross debt by more than $1 billion and declared a quarterly dividend of $0.275 per share. These results support the investment case, but they are already reflected in the stock’s substantial rally.
• Neutral Sentiment: Valuation-focused coverage presents PBF as inexpensive on earnings and price-to-sales measures, while other analysts remain cautious about the cyclical nature of refining profits. PBF Energy Refining Margins and Valuation
• Negative Sentiment: Multiple insiders sold shares, including the CEO, a director, a senior vice president and Control Empresarial de Capital. The sales totaled tens of millions of dollars, adding a potential sentiment overhang even though the control shareholder retains a large position. PBF Energy Insider Sales
• Negative Sentiment: Several published price targets remain well below the recent trading range, reflecting investor concern that refining margins and earnings could normalize. This raises the risk of profit-taking following the stock’s strong advance.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock valued at $590,000 after acquiring an additional 12,025 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PBF Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock valued at $1,140,000 after buying an additional 2,609 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PBF Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock valued at $4,996,000 after purchasing an additional 12,289 shares during the last quarter. Acadian Asset Management LLC raised its holdings in PBF Energy by 261.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,354 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in PBF Energy during the second quarter worth about $1,143,000. 96.29% of the stock is owned by institutional investors and hedge funds.

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.