PBF Energy (NYSE:PBF) Stock: Insider Control Empresarial De Capital Sells 170,000 Shares

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 170,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $88.03, for a total transaction of $14,965,100.00. Following the sale, the insider owned 13,326,127 shares in the company, valued at $1,173,098,959.81. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was sold at an average price of $84.13, for a total transaction of $10,095,600.00.
  • On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $82.00, for a total transaction of $8,200,000.00.
  • On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $80.60, for a total transaction of $12,090,000.00.
  • On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28.
  • On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was sold at an average price of $77.23, for a total value of $269,841.62.
  • On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total value of $7,702,000.00.
  • On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was sold at an average price of $74.79, for a total value of $8,974,800.00.
  • 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 value 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 value of $15,157,800.00.
  • On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $70.13, for a total value of $10,519,500.00.

PBF Energy Stock Down 2.2%

Shares of PBF stock opened at $89.13 on Thursday. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $92.46. The stock has a market cap of $10.56 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.07 and a beta of 0.18. The business’s fifty day moving average is $75.15 and its 200-day moving average is $56.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33.

PBF Energy (NYSE:PBF – Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $9.61 billion. During the same quarter in the previous year, the business earned ($1.03) EPS. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. Equities analysts expect that PBF Energy Inc. will post 24.69 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.2750 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Key Stories Impacting PBF Energy

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

  • Positive Sentiment: PBF Energy announced the full redemption of its 2030 senior notes. Retiring the debt could reduce future interest expense and strengthen the refiner’s balance sheet, although the announcement’s effect on cash levels and leverage will depend on the redemption terms. PBF Energy Announces Full Redemption of 2030 Senior Notes
  • Positive Sentiment: PBF has benefited from a broad rally in refining stocks, supported by stronger crack spreads, tight fuel supply and geopolitical risks affecting oil markets. The company’s restored refinery operations and improving earnings outlook add to the bullish case. PBF Energy climbs amid broad refining sector rally
  • Positive Sentiment: Analysts highlighted PBF as a relatively low-beta energy stock that may appeal to investors seeking defensive exposure during oil-price volatility and Middle East-related market uncertainty. Stay Ahead of Market Swings With BP, PBF, VLO and MPC
  • Neutral Sentiment: PBF Energy has surged more than 200% over the past year, driven by refinery performance and stronger profits. Its latest reported quarter beat consensus estimates, but the rapid appreciation raises the risk of profit-taking and makes future gains increasingly dependent on refining margins and upcoming earnings. PBF Energy’s Stunning Rally Faces a Critical Test
  • Negative Sentiment: Control Empresarial De Capital, a major shareholder, sold 170,000 PBF shares for approximately $15.0 million and has made multiple additional sales since August. The transactions reduce investor confidence and may signal that a large holder is taking profits after the rally. PBF Energy insider share sale
  • Negative Sentiment: Wall Street’s consensus rating remains “Hold,” with the average price target below recent trading levels. That gap suggests analysts view much of the recovery in refining profitability as already reflected in PBF’s valuation. PBF Energy surges in a year

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group reissued a “buy” rating and issued a $99.00 price target on shares of PBF Energy in a report on Monday, October 5th. The Goldman Sachs Group lifted their price objective on shares of PBF Energy from $81.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Weiss Ratings raised shares of PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. 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 target price on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of PBF Energy in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.55.

Get Our Latest Stock Report on PBF

Institutional Investors Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently modified their holdings of PBF. Parallel Advisors LLC boosted its holdings in shares of PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after buying an additional 242 shares during the period. PNC Financial Services Group Inc. increased its position in shares of PBF Energy by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 260 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of PBF Energy by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock valued at $375,000 after acquiring an additional 383 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of PBF Energy by 3.2% during the first quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock valued at $682,000 after acquiring an additional 441 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of PBF Energy by 4.1% during the fourth quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock valued at $334,000 after acquiring an additional 483 shares during the period. 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 and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.

See Also

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

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