PBF Energy (NYSE:PBF) SVP James Fedena Sells 18,941 Shares

PBF Energy Inc. (NYSE:PBF) SVP James Fedena sold 18,941 shares of PBF Energy stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $51.66, for a total transaction of $978,492.06. Following the completion of the transaction, the senior vice president directly owned 139,016 shares of the company’s stock, valued at $7,181,566.56. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PBF Energy Stock Up 0.8%

Shares of NYSE PBF traded up $0.37 during midday trading on Thursday, hitting $46.46. The stock had a trading volume of 664,029 shares, compared to its average volume of 3,820,163. The business’s 50 day moving average is $39.28 and its 200-day moving average is $34.29. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $52.18. 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 $5.43 billion, a P/E ratio of -31.52, a PEG ratio of 0.59 and a beta of 0.24.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. The company had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned ($2.82) EPS. As a group, analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s dividend payout ratio is presently -74.83%.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in PBF Energy by 197.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 589 shares during the period. Torren Management LLC bought a new position in shares of PBF Energy in the fourth quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in shares of PBF Energy during the 4th quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators grew its stake in shares of PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 440 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in PBF Energy by 235.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 912 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler boosted their target price on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Wolfe Research lowered shares of 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. Mizuho increased their price objective on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group lifted their target price on shares of PBF Energy from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Reduce” and a consensus target price of $31.69.

Key PBF Energy News

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

• Positive Sentiment: Zacks highlights PBF as a long?term value stock, arguing company fundamentals and valuation make it attractive for patient investors. Zacks article
• Positive Sentiment: The Motley Fool lists refiners and related energy names (including refiners like PBF) as potential beneficiaries of geopolitical supply disruptions, a theme that can support refining margins and drive investor interest in PBF. Fool article
• Neutral Sentiment: Intraday trade count and volume are lighter than PBF’s average daily volume, implying today’s price move may be driven by headlines rather than broad institutional flows.
• Negative Sentiment: Significant insider selling over Mar. 26–31: Control Empresarial De Capital sold several large blocks (637,000; 600,000; 200,000; 85,000 shares across Mar. 26–31), and multiple executives (SVPs Paul T. Davis and James E. Fedena, and director Thomas J. Nimbley) also sold sizable positions. The collective sales total millions of shares worth tens of millions of dollars and represent measurable reductions in insider ownership — a potential near?term headwind as it increases supply and can signal profit?taking by insiders. Filings: Control Empresarial form4 Control Empresarial form4 Control Empresarial form4 2 Paul T. Davis filing James Fedena filing Thomas Nimbley filing

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.