Thomas Nimbley Sells 100,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 100,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $75.05, for a total value of $7,505,000.00. Following the sale, the director owned 793,737 shares in the company, valued at approximately $59,569,961.85. The trade was a 11.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PBF Energy Stock Down 5.9%

Shares of NYSE PBF opened at $69.52 on Friday. The stock has a market capitalization of $8.24 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.08 and a beta of 0.10. PBF Energy Inc. has a 1 year low of $22.13 and a 1 year high of $75.68. The company has a 50-day moving average price of $56.91 and a 200-day moving average price of $46.60. 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 (NYSE:PBF) last released its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The company had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the business posted ($1.03) EPS. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, equities research analysts forecast that PBF Energy Inc. will post 15.74 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio is 9.73%.

Key Headlines Impacting PBF Energy

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81, signaling potential upside despite maintaining a neutral rating. The company’s recent earnings also provide support: quarterly EPS of $6.22 exceeded the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion.
• Positive Sentiment: PBF Energy’s operating outlook remains supported by tight fuel supplies, elevated gasoline prices and the completed restart of its Martinez refinery. Analysts expect approximately $15.74 in EPS for the current fiscal year, and the company recently declared a $0.275 quarterly dividend.
• Neutral Sentiment: Growth-oriented screens continue to highlight PBF Energy’s improving financial performance and relatively low valuation. However, refining profits are cyclical, and the broader analyst consensus remains cautious, with a “Reduce” rating and a consensus target price below the recent trading range. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas Nimbley reported sales totaling 341,008 shares across August 17–19, worth approximately $25.4 million. The transactions materially reduced his reported position and may be interpreted as profit-taking or a signal of caution after the stock’s sharp rally. Thomas Nimbley Insider Sale
• Negative Sentiment: Control Empresarial de Capital also sold 120,000 PBF Energy shares for approximately $9.0 million. The clustering of sizable insider sales increases near-term supply and reinforces concerns that current refining margins and earnings may not be sustainable at peak levels. PBF Energy Insider Trading News

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of PBF Energy during the fourth quarter worth about $31,000. Leonteq Securities AG purchased a new stake in shares of PBF Energy during the first quarter worth about $33,000. Smartleaf Asset Management LLC raised its stake 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 valued at $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in PBF Energy in the 4th quarter worth approximately $57,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Friday, August 7th. Evercore began coverage on shares of PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price target on the stock. Mizuho raised their target price on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, PBF Energy presently has an average rating of “Reduce” and an average target price of $50.92.

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.