Control Empresarial De Capital Sells 100,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 100,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $54.52, for a total transaction of $5,452,000.00. Following the completion of the sale, the insider owned 15,712,128 shares in the company, valued at approximately $856,625,218.56. The trade was a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were 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 shares were sold at an average price of $52.29, for a total value of $19,870,200.00.
  • On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total value of $9,828,000.00.
  • On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value of $9,388,000.00.
  • On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The shares were sold at an average price of $46.65, for a total value of $13,062,000.00.
  • 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 value of $26,425,200.00.
  • On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total value of $8,558,000.00.
  • On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value of $8,635,995.70.
  • On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total value 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 value of $9,587,600.00.

PBF Energy Price Performance

Shares of NYSE PBF traded up $3.38 during midday trading on Tuesday, reaching $60.82. 3,839,766 shares of the stock traded hands, compared to its average volume of 3,378,573. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The stock has a market capitalization of $7.20 billion, a PE ratio of 16.39, a P/E/G ratio of 0.16 and a beta of 0.11. PBF Energy Inc. has a one year low of $21.24 and a one year high of $61.02. The company’s 50 day moving average is $43.01 and its 200 day moving average is $39.49.

PBF Energy (NYSE:PBFGet Free Report) last posted its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the business posted ($3.53) earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that PBF Energy Inc. will post 8.26 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

Hedge Funds Weigh In On PBF Energy

Several hedge funds have recently added to or reduced their stakes in PBF. Wedge Capital Management L L P NC raised its position in PBF Energy by 19.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock worth $1,996,000 after purchasing an additional 7,107 shares during the period. Parallel Advisors LLC boosted its position in shares of PBF Energy by 6.8% during the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 242 shares during the period. Bull Harbor Capital LLC bought a new position in shares of PBF Energy during the first quarter valued at approximately $212,000. Amundi bought a new position in shares of PBF Energy during the first quarter valued at approximately $1,574,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PBF Energy by 24.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock worth $225,000 after buying an additional 931 shares during the period. 96.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PBF. Mizuho upped their target price on shares of PBF Energy from $48.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen lowered PBF Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Freedom Capital raised PBF Energy to a “hold” rating in a research note on Tuesday, July 7th. Zacks Research downgraded PBF Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, TD Cowen raised PBF Energy from a “sell” rating to a “hold” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Monday, June 29th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $37.38.

View Our Latest Research Report on PBF

PBF Energy Company Profile

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.