James Fedena Sells 24,756 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) SVP James Fedena sold 24,756 shares of PBF Energy stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $71.83, for a total value of $1,778,223.48. Following the completion of the sale, the senior vice president directly owned 114,260 shares of the company’s stock, valued at $8,207,295.80. This trade represents a 17.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PBF Energy Trading Down 5.6%

Shares of PBF stock traded down $3.70 on Wednesday, reaching $62.19. 1,989,191 shares of the stock were exchanged, compared to its average volume of 3,379,369. 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 Inc. has a one year low of $21.46 and a one year high of $74.74. The stock has a market cap of $7.36 billion, a PE ratio of 5.53, a P/E/G ratio of 0.10 and a beta of 0.10. The stock has a 50 day moving average price of $50.30 and a 200 day moving average price of $43.46.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results 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. The business had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the business earned ($1.03) earnings per share. Equities research analysts forecast that PBF Energy Inc. will post 12.56 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is 9.73%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PBF shares. Mizuho increased their price objective on shares of PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Freedom Capital downgraded PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. TD Cowen raised their price target on PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Evercore began coverage on PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $50.15.

PBF Energy News Roundup

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

• Positive Sentiment: PBF’s latest quarterly results were significantly better than expected. Earnings per share reached $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion, exceeding expectations of $9.61 billion. Analysts currently expect approximately $12.56 in full-year EPS.
• Positive Sentiment: Zacks highlighted PBF among attractively valued low price-to-sales stocks with solid revenue potential. The company also benefits from strong recent price momentum, positive estimate revisions and a low reported P/E ratio. 5 Attractively Valued Low P/S Stocks With Solid Revenue Potential
• Positive Sentiment: PBF declared its regular quarterly dividend of $0.275 per share, or $1.10 annualized, with an ex-dividend date of August 14 and payment scheduled for August 28. The low payout ratio provides some support for the dividend.
• Neutral Sentiment: Analyst views remain mixed. Some firms have raised price targets, including UBS to $84, but broader consensus ratings range from Hold to Reduce, with consensus targets reported below recent trading levels. Institutional ownership remains high at about 96%.
• Negative Sentiment: Several major holders and executives sold substantial positions. CEO Matthew Lucey sold 225,473 shares for approximately $16.2 million, reducing his holdings by 31.26%; director Thomas Nimbley sold 468,139 shares for about $32.6 million; and Control Empresarial De Capital sold 490,000 shares worth roughly $34.9 million. SVP Paul Davis also sold 75,997 shares for approximately $5.0 million. Although Control Empresarial retained nearly 15 million shares, the concentration of sales may weigh on sentiment. PBF Energy Insider Selling

Institutional Trading of PBF Energy

Several hedge funds have recently added to or reduced their stakes in PBF. Torren Management LLC bought a new position in PBF Energy during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new position in PBF Energy in the fourth quarter valued at about $31,000. Leonteq Securities AG bought a new stake in shares of PBF Energy in the first quarter worth about $33,000. Smartleaf Asset Management LLC increased its holdings in shares of PBF Energy by 65.3% in the fourth 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 in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of PBF Energy during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.