PBF Energy (NYSE:PBF) SVP Sells $2,041,500.00 in Stock

PBF Energy Inc. (NYSE:PBF) SVP Connor Thomas O sold 50,000 shares of PBF Energy stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $40.83, for a total transaction of $2,041,500.00. Following the completion of the sale, the senior vice president directly owned 205,340 shares in the company, valued at approximately $8,384,032.20. The trade was a 19.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PBF Energy Stock Performance

NYSE PBF traded down $1.51 during trading hours on Wednesday, hitting $38.73. 2,043,738 shares of the stock were exchanged, compared to its average volume of 3,214,083. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.49 billion, a price-to-earnings ratio of -8.33 and a beta of 0.79. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47. The stock has a 50-day moving average of $31.30 and a 200 day moving average of $25.55.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.17. The company had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.50) EPS. As a group, equities research analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.8%. PBF Energy’s dividend payout ratio (DPR) is -23.66%.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of PBF Energy by 3.2% during the third quarter. Barclays PLC now owns 291,386 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 8,929 shares during the last quarter. First Eagle Investment Management LLC lifted its position in PBF Energy by 7.9% during the third quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company’s stock worth $16,519,000 after buying an additional 40,129 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of PBF Energy in the third quarter worth approximately $373,000. Quantbot Technologies LP purchased a new stake in shares of PBF Energy during the 3rd quarter valued at $1,546,000. Finally, TD Asset Management Inc increased its holdings in shares of PBF Energy by 9.7% during the 3rd quarter. TD Asset Management Inc now owns 72,510 shares of the oil and gas company’s stock worth $2,188,000 after buying an additional 6,424 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PBF shares. Morgan Stanley set a $27.00 price target on shares of PBF Energy and gave the stock an “underweight” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. TD Cowen upped their target price on shares of PBF Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Citigroup lifted their price target on shares of PBF Energy from $16.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group boosted their price target on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Strong Sell” and a consensus target price of $27.83.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.