PBF Energy (NYSE:PBF) Director Thomas Nimbley Sells 116,008 Shares of Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 116,008 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $73.73, for a total value of $8,553,269.84. Following the completion of the sale, the director directly owned 793,737 shares in the company, valued at $58,522,229.01. This trade represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PBF Energy Stock Performance

PBF Energy stock opened at $73.92 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.76 billion, a PE ratio of 6.54, a P/E/G ratio of 0.09 and a beta of 0.10. PBF Energy Inc. has a 12-month low of $22.13 and a 12-month high of $75.68. The business’s 50-day moving average price is $56.34 and its two-hundred day moving average price is $46.34.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm had revenue of $11.68 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the business earned ($1.03) earnings per share. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. As a group, analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business 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 dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio is currently 9.73%.

Institutional Trading of PBF Energy

Several institutional investors have recently modified their holdings of PBF. Torren Management LLC acquired a new stake in PBF Energy in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the 4th quarter worth $31,000. Leonteq Securities AG bought a new position in PBF Energy during the 1st quarter worth $33,000. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in PBF Energy during the 4th quarter worth about $57,000. Institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PBF shares. Scotiabank boosted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. UBS Group raised their price objective on PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Freedom Capital lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, TD Cowen upped their target price on PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $50.92.

Trending Headlines about PBF Energy

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81 while maintaining a neutral rating, indicating additional potential upside from recent levels. Goldman Sachs Price Target Update
• Positive Sentiment: The company continues to benefit from strong recent fundamentals. Second-quarter earnings significantly exceeded expectations, the Martinez refinery restart was completed, and gross debt declined by more than $1 billion. Tight fuel supplies and elevated gasoline prices could also support refining margins. PBF Energy Martinez Refinery Restart
• Neutral Sentiment: Analysts and quantitative screens continue to identify PBF Energy as a potential growth or value opportunity because of its low valuation and improving financial performance. However, the broader analyst consensus remains cautious, reflecting the cyclical nature of refining earnings. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas J. Nimbley sold 341,008 shares over August 17–19 for approximately $25.4 million, reducing his holdings by roughly 38% across the reported transactions. Control Empresarial de Capital also sold 120,000 shares for about $9.0 million and has made multiple recent sales. The scale and clustering of these transactions may signal profit-taking or raise concerns about insider confidence. PBF Energy Insider Sale Filings
• Negative Sentiment: PBF Energy’s rapid rally has brought valuation and margin sustainability into focus. Some analysts retain sell ratings, and the consensus price target remains well below the recent trading range, suggesting investors may be concerned that peak refining margins and earnings are not durable. PBF Energy Refining Margins and Valuation

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.