PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 150,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $80.60, for a total transaction of $12,090,000.00. Following the completion of the sale, the insider directly owned 13,716,127 shares in the company, valued at approximately $1,105,519,836.20. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28.
- On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62.
- On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total transaction of $7,702,000.00.
- On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total transaction of $8,974,800.00.
- 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 value 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 stock was sold at an average price of $68.68, for a total value 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 value of $14,071,200.00.
PBF Energy Stock Performance
Shares of NYSE:PBF traded up $4.22 on Tuesday, hitting $74.62. The company’s stock had a trading volume of 9,284,424 shares, compared to its average volume of 3,348,615. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.08 and a beta of 0.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $82.61. The stock’s 50-day moving average is $67.35 and its two-hundred day moving average is $51.25.
PBF Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.5%. PBF Energy’s dividend payout ratio (DPR) is presently 9.73%.
Trending Headlines about PBF Energy
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: Debt refinancing could improve financial flexibility. PBF Holding and PBF Finance priced $500 million of 0% exchangeable notes due 2032. The proceeds are intended to refinance or redeem existing debt, potentially lowering near-term interest costs and extending maturities. PBF Energy Announces Pricing of $500 Million of 0% Exchangeable Notes due 2032
- Positive Sentiment: Growth and momentum screens remain favorable. Zacks highlighted PBF Energy’s growth characteristics and described the company as a potential momentum pick, which may attract quantitative and momentum-oriented investors. Is PBF Energy a Solid Growth Stock?
- Neutral Sentiment: The exchangeable-notes structure has both benefits and risks. The 0% coupon reduces cash interest expense, but exchangeable notes may create future equity dilution if holders exchange the debt for PBF shares. The offering also adds debt, even as it supports refinancing efforts. PBF Energy Prices Exchangeable Notes to Refinance Debt
- Negative Sentiment: The financing announcement initially weighed on the stock. Investors reacted negatively to the $500 million notes offering, likely reflecting concerns about additional leverage and potential dilution. PBF Energy Shares Fall on $500M Notes Offering
- Negative Sentiment: Morgan Stanley initiated a Sell rating. The bearish analyst stance represents a negative signal for investor sentiment and could limit further upside. PBF Energy Gets a Sell from Morgan Stanley
- Negative Sentiment: An insider sale adds a secondary cautionary signal. An insider reportedly sold approximately $24.6 million of PBF stock, which may raise concerns about management or insider confidence, although one transaction does not establish a broader trend. PBF Energy Insider Sale
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its stake in shares of PBF Energy by 128.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,631 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 5,969 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of PBF Energy by 90.4% during the second quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock worth $2,887,000 after purchasing an additional 30,117 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of PBF Energy by 76.0% during the second quarter. Integrated Wealth Concepts LLC now owns 8,632 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 3,728 shares during the period. IFP Advisors Inc lifted its holdings in shares of PBF Energy by 68.7% during the second quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 591 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of PBF Energy by 166.2% during the second quarter. Allworth Financial LP now owns 6,888 shares of the oil and gas company’s stock valued at $314,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on PBF shares. The Goldman Sachs Group boosted their target price on PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Freedom Capital cut PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley lifted their target price on PBF Energy from $38.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday. 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 four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.55.
Get Our Latest Stock Report on PBF
About PBF Energy
PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.
The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.
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