Steven John Andriola Sells 2,579 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,579 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $26.19, for a total transaction of $67,544.01. Following the sale, the chief accounting officer directly owned 17,414 shares in the company, valued at $456,072.66. This trade represents a 12.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Steven John Andriola also recently made the following trade(s):

• On Monday, November 3rd, Steven John Andriola sold 1,048 shares of PBF Energy stock. The shares were sold at an average price of $34.39, for a total transaction of $36,040.72.

PBF Energy Stock Up 1.8%

PBF opened at $26.60 on Wednesday. The firm has a market capitalization of $3.08 billion, a P/E ratio of -5.72 and a beta of 0.42. PBF Energy Inc. has a one year low of $13.61 and a one year high of $41.47. The company has a fifty day moving average price of $33.08 and a 200-day moving average price of $28.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

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

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, November 14th. PBF Energy’s dividend payout ratio (DPR) is -23.66%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBF shares. Piper Sandler raised their target price on shares of PBF Energy from $29.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d)” rating on shares of PBF Energy in a report on Monday. UBS Group lifted their price objective on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. 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. Finally, Bank of America increased their target price on PBF Energy from $16.00 to $21.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.38.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently made changes to their positions in PBF. Northern Trust Corp raised its position in PBF Energy by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,390,455 shares of the oil and gas company’s stock worth $26,544,000 after purchasing an additional 11,499 shares during the period. Quantbot Technologies LP bought a new position in shares of PBF Energy during the first quarter valued at about $513,000. Hsbc Holdings PLC increased its holdings in shares of PBF Energy by 31.4% in the first quarter. Hsbc Holdings PLC now owns 124,988 shares of the oil and gas company’s stock worth $2,382,000 after buying an additional 29,868 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of PBF Energy in the 1st quarter valued at about $35,000. Finally, AlphaQuest LLC purchased a new stake in PBF Energy during the 1st quarter valued at about $215,000. 96.29% of the stock is currently owned by institutional investors.

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.