Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $8,974,800.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 120,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $74.79, for a total transaction of $8,974,800.00. Following the transaction, the insider directly owned 14,285,397 shares in the company, valued at approximately $1,068,404,841.63. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total value of $472,123.68.
  • On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total transaction of $15,157,800.00.
  • On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total value of $10,519,500.00.
  • On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.
  • On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total value of $34,917,400.00.
  • On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00.
  • On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $54.52, for a total value of $5,452,000.00.
  • On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total value of $14,358,600.00.
  • On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
  • On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $49.14, for a total value of $9,828,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded down $1.28 during midday trading on Wednesday, reaching $73.92. 2,025,751 shares of the company were exchanged, compared to its average volume of 3,355,374. The stock has a fifty day simple moving average of $55.72 and a 200 day simple moving average of $46.05. The stock has a market cap of $8.76 billion, a P/E ratio of 6.54, a PEG ratio of 0.08 and a beta of 0.10. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. PBF Energy Inc. has a 1 year low of $22.13 and a 1 year high of $75.68.

PBF Energy (NYSE:PBFGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business earned ($1.03) EPS. The firm’s revenue was up 56.2% on a year-over-year basis. On average, research analysts forecast that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

Analysts Set New Price Targets

PBF has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho upped their target price on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Citigroup boosted their price target on shares of PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, PBF Energy has an average rating of “Reduce” and a consensus target price of $50.92.

Read Our Latest Stock Analysis on PBF Energy

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in PBF Energy by 81.7% in the fourth quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock valued at $1,840,000 after acquiring an additional 30,430 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of PBF Energy by 127.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after purchasing an additional 3,550,820 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of PBF Energy by 351.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock worth $7,200,000 after buying an additional 206,666 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in PBF Energy during the 4th quarter valued at approximately $1,485,000. Finally, Jefferies Financial Group Inc. lifted its position in PBF Energy by 7,210.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock valued at $17,037,000 after acquiring an additional 619,622 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

More PBF Energy News

Here are the key news stories impacting PBF Energy this week:

  • Positive Sentiment: Analysts and market commentators continue to highlight PBF’s growth potential, supported by above-average financial growth, a low valuation and favorable business momentum. PBF Energy is an Incredible Growth Stock
  • Positive Sentiment: Strong refining margins and tight fuel markets remain supportive for independent refiners. PBF’s Martinez refinery restart, completed in May, removes a significant operational overhang and could improve earnings capacity. PBF Energy Martinez Refinery Restart
  • Positive Sentiment: Goldman Sachs raised its PBF price target from $71 to $81 while maintaining a neutral rating, implying further potential upside based on current estimates. Goldman Sachs Price Target Update
  • Neutral Sentiment: PBF reported adjusted second-quarter earnings of $6.22 per share, well above the $4.15 consensus estimate, with revenue up 56.2% year over year. The company also reduced gross debt by more than $1 billion and declared a quarterly dividend of $0.275 per share. These results support the investment case, but they are already reflected in the stock’s substantial rally.
  • Neutral Sentiment: Valuation-focused coverage presents PBF as inexpensive on earnings and price-to-sales measures, while other analysts remain cautious about the cyclical nature of refining profits. PBF Energy Refining Margins and Valuation
  • Negative Sentiment: Multiple insiders sold shares, including the CEO, a director, a senior vice president and Control Empresarial de Capital. The sales totaled tens of millions of dollars, adding a potential sentiment overhang even though the control shareholder retains a large position. PBF Energy Insider Sales
  • Negative Sentiment: Several published price targets remain well below the recent trading range, reflecting investor concern that refining margins and earnings could normalize. This raises the risk of profit-taking following the stock’s strong advance.

PBF Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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