Control Empresarial De Capital Sells 490,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 490,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $34,917,400.00. Following the completion of the transaction, the insider directly owned 14,992,128 shares in the company, valued at $1,068,339,041.28. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total value 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 transaction of $5,452,000.00.
• 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 transaction 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 stock was sold at an average price of $49.14, for a total transaction 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 stock was sold at an average price of $46.36, for a total transaction of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was 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 transaction of $8,635,995.70.

PBF Energy Stock Performance

PBF Energy stock opened at $65.81 on Wednesday. PBF Energy Inc. has a 52 week low of $21.46 and a 52 week high of $74.74. The stock has a fifty day moving average price of $50.30 and a 200 day moving average price of $43.46. The firm has a market capitalization of $7.79 billion, a P/E ratio of 5.82, a PEG ratio of 0.10 and a beta of 0.10. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter last year, the company earned ($1.03) earnings per share. PBF Energy’s revenue for the quarter was up 56.2% on a year-over-year basis. Equities research analysts anticipate that PBF Energy Inc. will post 12.56 earnings per share for the current year.

PBF Energy Announces Dividend

The company 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. The ex-dividend date is Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.7%. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Institutional Trading of PBF Energy

Hedge funds have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new stake in PBF Energy in the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in PBF Energy during the fourth quarter worth $31,000. Leonteq Securities AG acquired a new stake in PBF Energy in the 1st quarter valued at about $33,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 worth $38,000 after acquiring an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

PBF has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, June 12th. TD Cowen increased their price target on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. UBS Group lifted their price objective on PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Mizuho raised their price objective on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday. One investment 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $50.15.

Trending Headlines about PBF Energy

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

• Positive Sentiment: PBF Energy’s recent quarterly results were significantly stronger than expected, with adjusted earnings of $6.22 per share versus the $4.15 consensus estimate and revenue of $11.68 billion, up 56.2% year over year. The earnings beat has contributed to upward estimate revisions and bullish momentum. Why PBF Energy Might be Well Poised for a Surge
• Positive Sentiment: Zacks identified PBF as a stock with strong relative price strength, positive earnings revisions and solid fundamentals. Another report said growth investors should not overlook the refiner because of above-average financial growth. 5 Stocks With Relative Price Strength Investors Should Buy
• Positive Sentiment: An analyst price target was reportedly raised to $74, reinforcing the near-term bullish case. PBF also declared its regular $0.275-per-share quarterly dividend, equal to $1.10 annually. PBF Energy Price Target Raised to $74.00
• Neutral Sentiment: Despite the recent rally, analyst sentiment remains mixed: the consensus rating is “Hold,” with a consensus price target of $46.31, well below recent trading levels. Institutional investors still own approximately 96.3% of the shares.
• Negative Sentiment: Several insiders sold significant positions after the rally. CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, director Thomas J. Nimbley sold 468,139 shares for about $32.6 million, and Control Empresarial De Capital sold 490,000 shares worth roughly $34.9 million. Although the latter retained nearly 15 million shares, the cluster of sales may weigh on investor sentiment. PBF Energy Insider Selling

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.