Control Empresarial De Capital Sells 903,100 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 903,100 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.62, for a total transaction of $38,490,122.00. Following the completion of the transaction, the insider owned 26,469,098 shares in the company, valued at approximately $1,128,112,956.76. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The stock was sold at an average price of $46.57, for a total transaction of $9,546,850.00.
• On Tuesday, March 3rd, Control Empresarial De Capital sold 99,000 shares of PBF Energy stock. The shares were sold at an average price of $40.33, for a total transaction of $3,992,670.00.
• On Monday, March 2nd, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $38.33, for a total transaction of $4,599,600.00.
• On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The stock was sold at an average price of $34.91, for a total transaction of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total value of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The stock was sold at an average price of $35.38, for a total value of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The stock was sold at an average price of $34.50, for a total value of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The shares were sold at an average price of $35.26, for a total value of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were 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 stock was sold at an average price of $34.66, for a total value of $5,448,552.00.

PBF Energy Stock Performance

Shares of PBF traded down $2.44 during midday trading on Friday, reaching $43.22. 4,534,397 shares of the stock were exchanged, compared to its average volume of 3,614,798. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $47.18. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company has a market cap of $5.05 billion, a P/E ratio of -29.40, a PEG ratio of 6.01 and a beta of 0.41. The stock’s 50 day simple moving average is $33.12 and its 200 day simple moving average is $31.69.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The business had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the company posted ($2.82) earnings per share. PBF Energy’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. PBF Energy’s dividend payout ratio (DPR) is currently -74.83%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Merit Financial Group LLC lifted its holdings in PBF Energy by 3.0% in the third quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 276 shares during the period. Verdence Capital Advisors LLC raised its position in shares of PBF Energy by 2.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock worth $478,000 after acquiring an additional 348 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of PBF Energy by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock valued at $774,000 after purchasing an additional 353 shares during the period. Next Level Private LLC lifted its stake in shares of PBF Energy by 0.6% in the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after purchasing an additional 378 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of PBF Energy by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock valued at $863,000 after purchasing an additional 432 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Piper Sandler increased their target price on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Mizuho upgraded PBF Energy from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $38.00 in a research report on Friday, December 12th. Finally, Wolfe Research downgraded PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $30.21.

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.