PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 570,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 570,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00. Following the completion of the transaction, the insider owned 17,142,128 shares in the company, valued at approximately $794,709,054.08. The trade was a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 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 shares were sold at an average price of $42.01, for a total value of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $43.17, for a total value of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total value of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The shares were sold at an average price of $43.50, for a total transaction of $15,747,000.00.

PBF Energy Stock Performance

NYSE:PBF traded up $2.46 on Wednesday, reaching $47.98. 2,940,082 shares of the company’s stock were exchanged, compared to its average volume of 3,413,234. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.15 and a beta of 0.12. PBF Energy Inc. has a 52 week low of $21.24 and a 52 week high of $52.18. The stock has a fifty day simple moving average of $41.23 and a 200-day simple moving average of $38.02.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned ($3.53) EPS. As a group, sell-side analysts predict that PBF Energy Inc. will post 7.69 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, May 14th. PBF Energy’s payout ratio is currently 29.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PBF. Leonteq Securities AG bought a new position in shares of PBF Energy during the 1st quarter valued at about $33,000. Torren Management LLC bought a new stake in PBF Energy in the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new stake in PBF Energy in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in PBF Energy during the fourth quarter valued at approximately $57,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. BMO Capital Markets boosted their price objective on PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, April 2nd. The Goldman Sachs Group started coverage on PBF Energy in a report on Friday, April 10th. They set a “neutral” rating and a $49.00 price objective on the stock. TD Cowen raised PBF Energy from a “sell” rating to a “hold” rating and lifted their target price for the company from $36.00 to $39.00 in a report on Monday. Finally, Citigroup upped their price target on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, PBF Energy has an average rating of “Reduce” and an average price target of $36.69.

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.