Control Empresarial De Capital Sells 220,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 220,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00. Following the transaction, the insider directly owned 18,217,698 shares of the company’s stock, valued at $793,927,278.84. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total value of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The shares were sold at an average price of $43.50, for a total value of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The shares were sold at an average price of $47.10, for a total value of $3,297,000.00.
• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total value of $6,003,400.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $50.52, for a total value of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total value of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $50.74, for a total transaction of $10,148,000.00.

PBF Energy Stock Performance

PBF Energy stock traded up $0.24 during trading hours on Thursday, hitting $42.79. The company had a trading volume of 1,608,177 shares, compared to its average volume of 3,528,245. The firm has a market cap of $5.06 billion, a PE ratio of 11.53, a PEG ratio of 0.16 and a beta of 0.12. The firm has a 50-day moving average of $42.47 and a 200 day moving average of $37.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. PBF Energy Inc. has a one year low of $17.53 and a one year high of $52.18.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted ($3.53) earnings per share. On average, sell-side analysts expect that PBF Energy Inc. will post 6.7 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 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 2.6%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. TD Cowen decreased their price target on PBF Energy from $41.00 to $36.00 and set a “sell” rating on the stock in a research note on Monday, April 27th. Morgan Stanley lifted their price target on PBF Energy from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. The Goldman Sachs Group started coverage on PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, Piper Sandler boosted their price objective on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Reduce” and an average target price of $36.15.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in shares of PBF Energy by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 242 shares during the last quarter. Bull Harbor Capital LLC acquired a new position in shares of PBF Energy in the 1st quarter valued at about $212,000. Amundi acquired a new position in shares of PBF Energy in the 1st quarter valued at about $1,574,000. EverSource Wealth Advisors LLC lifted its stake in shares of PBF Energy by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 931 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of PBF Energy by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock valued at $4,823,000 after purchasing an additional 19,354 shares during the period. Institutional investors own 96.29% of the company’s stock.

About PBF Energy

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.