PBF Energy (NYSE:PBF) CAO Steven John Andriola Sells 2,522 Shares of Company Stock

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,522 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $76.69, for a total value of $193,412.18. Following the transaction, the chief accounting officer owned 16,659 shares in the company, valued at $1,277,578.71. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PBF Energy Stock Up 3.6%

Shares of NYSE:PBF opened at $77.76 on Wednesday. The stock’s 50-day moving average price is $77.56 and its two-hundred day moving average price is $53.94. The company has a current ratio of 1.59, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a 12-month low of $25.62 and a 12-month high of $92.46. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 3.47, a PEG ratio of 0.08 and a beta of 0.15.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 EPS for the quarter, beating the consensus estimate of $11.12 by $1.66. PBF Energy had a return on equity of 34.92% and a net margin of 6.98%. The company had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business earned ($0.52) EPS. The firm’s revenue was up 58.6% on a year-over-year basis. On average, research analysts forecast that PBF Energy Inc. will post 25.17 EPS for the current year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Thursday, November 12th will be issued a $0.3250 dividend. The ex-dividend date is Thursday, November 12th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.2750. This represents a $1.30 dividend on an annualized basis and a yield of 1.7%. PBF Energy’s payout ratio is presently 4.91%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. UBS Group reaffirmed a “buy” rating and set a $99.00 price target on shares of PBF Energy in a research note on Monday, October 5th. Mizuho lifted their price target on shares of PBF Energy from $65.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Piper Sandler boosted their price objective on shares of PBF Energy from $94.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Freedom Broker upgraded PBF Energy from a “sell” rating to a “hold” rating and upped their price objective for the stock from $55.00 to $63.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.50.

Institutional Trading of PBF Energy

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of PBF Energy by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after buying an additional 454,731 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of PBF Energy by 54.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock valued at $153,452,000 after buying an additional 1,137,533 shares during the period. Sei Investments Co. raised its holdings in shares of PBF Energy by 41.4% during the 1st quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company’s stock valued at $17,367,000 after buying an additional 106,819 shares during the period. Empowered Funds LLC raised its holdings in shares of PBF Energy by 198.0% during the 1st quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company’s stock valued at $16,944,000 after buying an additional 236,418 shares during the period. Finally, Principal Financial Group Inc. lifted its position in PBF Energy by 4.7% during the 1st quarter. Principal Financial Group Inc. now owns 186,598 shares of the oil and gas company’s stock worth $8,886,000 after acquiring an additional 8,361 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

PBF Energy Company Profile

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.