PBF Energy (NYSE:PBF) Insider Sells $1,350,360.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 31,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $43.56, for a total value of $1,350,360.00. Following the sale, the insider directly owned 18,437,698 shares of the company’s stock, valued at approximately $803,146,124.88. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $50.74, for a total value of $10,148,000.00.

PBF Energy Trading Down 0.3%

PBF opened at $42.64 on Friday. PBF Energy Inc. has a 52 week low of $18.10 and a 52 week high of $52.18. The business has a fifty day simple moving average of $42.34 and a 200-day simple moving average of $37.22. The firm has a market cap of $5.04 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.16 and a beta of 0.12. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50.

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

PBF Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is currently 29.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its stake in PBF Energy by 7.9% in the third quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company’s stock valued at $16,519,000 after buying an additional 40,129 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in PBF Energy in the third quarter valued at $823,000. Allianz Asset Management GmbH raised its stake in PBF Energy by 1,232.0% in the third quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company’s stock valued at $8,058,000 after buying an additional 247,039 shares in the last quarter. Quantbot Technologies LP acquired a new stake in PBF Energy in the third quarter valued at $1,546,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in PBF Energy in the fourth quarter valued at $1,485,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on PBF shares. Piper Sandler raised their price target on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Mizuho lifted their target price on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, PBF Energy currently has a consensus rating of “Reduce” and a consensus target price of $36.15.

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.