PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 340,000 shares of PBF Energy stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $48.84, for a total transaction of $16,605,600.00. Following the completion of the transaction, the insider owned 22,604,898 shares of the company’s stock, valued at $1,104,023,218.32. This represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total transaction of $22,193,440.00.
- On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total transaction of $2,609,360.00.
- On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00.
- On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total transaction of $26,658,000.00.
- On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The stock was sold at an average price of $44.29, for a total transaction of $2,179,068.00.
- On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $43.30, for a total value of $16,454,000.00.
- On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total value of $11,540,750.00.
- On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The shares were sold at an average price of $41.91, for a total value of $35,120,580.00.
- On Tuesday, March 10th, Control Empresarial De Capital sold 22,000 shares of PBF Energy stock. The stock was sold at an average price of $40.08, for a total value of $881,760.00.
- On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The stock was sold at an average price of $46.57, for a total value of $9,546,850.00.
PBF Energy Trading Up 7.5%
PBF opened at $50.08 on Wednesday. PBF Energy Inc. has a one year low of $13.61 and a one year high of $50.64. The company has a market cap of $5.86 billion, a P/E ratio of -34.07, a PEG ratio of 4.96 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. The business’s 50-day simple moving average is $37.11 and its 200-day simple moving average is $33.46.
PBF Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, February 25th. PBF Energy’s payout ratio is currently -74.83%.
Analysts Set New Price Targets
A number of research firms recently commented on PBF. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. The Goldman Sachs Group boosted their price target on shares of PBF Energy from $33.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Monday, December 8th. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Finally, Piper Sandler lifted their target price on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $31.69.
Read Our Latest Report on PBF Energy
Institutional Trading of PBF Energy
Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in PBF Energy by 127.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after purchasing an additional 3,550,820 shares during the period. Invesco Ltd. boosted its stake in shares of PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the period. AQR Capital Management LLC boosted its stake in shares of PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after buying an additional 1,454,500 shares during the period. Norges Bank purchased a new position in shares of PBF Energy during the fourth quarter worth about $34,243,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of PBF Energy by 2,198.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after buying an additional 1,159,628 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.
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.
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