PBF Energy (NYSE:PBF) Insider Sells $1,351,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $33.79, for a total transaction of $1,351,600.00. Following the sale, the insider owned 30,358,498 shares of the company’s stock, valued at $1,025,813,647.42. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The stock was sold at an average price of $32.91, for a total value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The shares were sold at an average price of $33.73, for a total value of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The stock was sold at an average price of $32.31, for a total value of $1,615,500.00.

PBF Energy Stock Up 1.2%

Shares of PBF stock opened at $33.39 on Monday. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $41.47. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.87 billion, a PE ratio of -7.18, a price-to-earnings-growth ratio of 2.17 and a beta of 0.47. The stock has a 50 day moving average of $31.06 and a 200-day moving average of $29.50.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. PBF Energy’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.50) earnings per share. On average, equities analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. PBF Energy’s payout ratio is presently -23.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PBF shares. Citigroup lifted their target price on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Piper Sandler set a $41.00 price objective on PBF Energy in a report on Monday, January 12th. Zacks Research cut PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Finally, Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $30.14.

More PBF Energy News

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

• Neutral Sentiment: The company was the subject of a valuation/market-momentum piece that reviews PBF after recent share-price gains; that coverage can attract traders assessing upside vs. risk. Assessing PBF Energy (PBF) Valuation After Recent Share Price Momentum
• Negative Sentiment: An insider (Control Empresarial De Capital) disclosed a sale of 40,000 PBF shares on Jan. 22 at an average price of $33.79 (~$1.35M). While the seller still holds a very large stake, insider sales are typically viewed as a negative signal for investor sentiment. Insider Form 4 — 40,000 shares sold
• Negative Sentiment: The same insider also sold 9,000 shares on Jan. 21 at an average price of $32.91 (~$296k). Repeated small sales over consecutive days reinforces the near-term selling signal, even though the holder’s remaining position remains large. Insider Form 4 — 9,000 shares sold
• Negative Sentiment: Analyst sentiment is weak: MarketBeat’s aggregation shows a consensus rating of “Reduce” (majority sell/hold, few buys), which can cap upside until guidance or fundamentals shift. PBF Receives Consensus Rating of “Reduce”
• Negative Sentiment: Zacks downgraded PBF from “Hold” to “Strong Sell,” a more aggressive negative stance that may prompt income/quant funds to reduce exposure and weighs on investor confidence. Zacks downgrade to Strong Sell

Institutional Trading of PBF Energy

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of PBF Energy during the third quarter worth approximately $10,207,000. Nomura Holdings Inc. acquired a new stake in shares of PBF Energy in the second quarter valued at approximately $5,843,000. Creative Planning raised its position in PBF Energy by 64.8% in the 2nd quarter. Creative Planning now owns 92,976 shares of the oil and gas company’s stock worth $2,015,000 after purchasing an additional 36,571 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in PBF Energy by 133.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,034,597 shares of the oil and gas company’s stock worth $22,420,000 after buying an additional 591,975 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in PBF Energy during the 2nd quarter worth $222,000. 96.29% of the stock is currently owned by institutional investors.

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.