PBF Energy (NYSE:PBF) Insider Sells $5,448,552.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 157,200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $34.66, for a total transaction of $5,448,552.00. Following the transaction, the insider directly owned 29,426,298 shares in the company, valued at approximately $1,019,915,488.68. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total transaction of $8,056,910.00.
• 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 transaction of $10,799,984.00.
• 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 transaction 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 value of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The stock was sold at an average price of $33.46, for a total value 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 value 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 value 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 value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total transaction of $8,624,200.00.

PBF Energy Price Performance

PBF stock opened at $35.80 on Thursday. The company’s 50-day moving average price is $30.73 and its two-hundred day moving average price is $30.25. The firm has a market cap of $4.15 billion, a P/E ratio of -7.70, a P/E/G ratio of 6.09 and a beta of 0.50. The company has a quick ratio of 0.59, a current ratio of 1.38 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.

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently made changes to their positions in PBF. Empowered Funds LLC lifted its stake in shares of PBF Energy by 7.3% in the fourth quarter. Empowered Funds LLC now owns 119,402 shares of the oil and gas company’s stock worth $3,238,000 after acquiring an additional 8,154 shares during the period. Fox Run Management L.L.C. lifted its position in shares of PBF Energy by 86.8% in the 4th quarter. Fox Run Management L.L.C. now owns 12,717 shares of the oil and gas company’s stock worth $345,000 after purchasing an additional 5,910 shares during the period. Cerity Partners LLC boosted its stake in shares of PBF Energy by 9.6% in the 4th quarter. Cerity Partners LLC now owns 65,031 shares of the oil and gas company’s stock valued at $1,764,000 after purchasing an additional 5,678 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of PBF Energy by 351.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock valued at $7,200,000 after purchasing an additional 206,666 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $31,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBF. The Goldman Sachs Group upped their target price on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $38.00 in a report on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $34.00 price objective on shares of PBF Energy in a research note on Monday, January 5th. Finally, Piper Sandler set a $41.00 target price on PBF Energy in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PBF Energy has a consensus rating of “Reduce” and an average price target of $30.14.

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.