PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 228,500 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 228,500 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $35.26, for a total value of $8,056,910.00. Following the completion of the transaction, the insider directly owned 28,894,598 shares of the company’s stock, valued at $1,018,823,525.48. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The shares were sold at an average price of $34.50, for a total value of $48,300.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was sold at an average price of $35.62, for a total value of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The shares were sold at an average price of $34.66, for a total value of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total value of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total transaction of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total transaction of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total transaction of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total transaction of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total transaction of $8,624,200.00.

PBF Energy Price Performance

Shares of PBF Energy stock traded up $1.32 during trading on Wednesday, hitting $35.80. The stock had a trading volume of 4,393,358 shares, compared to its average volume of 2,752,282. The company has a current ratio of 1.38, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $41.47. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -7.70, a P/E/G ratio of 6.09 and a beta of 0.50. The business’s 50-day moving average is $30.73 and its 200 day moving average is $30.25.

Institutional Trading of PBF Energy

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares during the period. Torren Management LLC bought a new stake in PBF Energy during the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy in the fourth quarter worth $31,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 440 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on PBF shares. UBS Group boosted their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 target price on shares of PBF Energy in a research report on Monday, January 5th. Citigroup boosted their price target on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $30.14.

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.