Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $6,770,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00. Following the sale, the insider directly owned 30,063,498 shares of the company’s stock, valued at approximately $1,017,649,407.30. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total value of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total value of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total transaction of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total transaction 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 shares were sold at an average price of $32.31, for a total value of $1,615,500.00.

PBF Energy Stock Up 3.0%

PBF opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59. The firm has a market capitalization of $4.12 billion, a P/E ratio of -7.64, a PEG ratio of 6.28 and a beta of 0.50. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The company’s 50-day moving average is $30.68 and its 200 day moving average is $30.02.

Institutional Trading of PBF Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of PBF Energy in the 3rd quarter worth about $10,207,000. Nomura Holdings Inc. bought a new position in PBF Energy in the second quarter worth about $5,843,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in PBF Energy by 264.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company’s stock worth $2,922,000 after buying an additional 70,312 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in PBF Energy during the 3rd quarter valued at approximately $3,890,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 acquiring an additional 591,975 shares during the period. Institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PBF shares. TD Cowen restated a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. BMO Capital Markets restated a “market perform” rating and set a $34.00 target price on shares of PBF Energy in a research report on Monday, January 5th. Mizuho upgraded PBF Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $31.00 to $38.00 in a research report on Friday, December 12th. Wolfe Research cut 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 report on Monday, December 8th. Finally, The Goldman Sachs Group upped their price objective on shares of PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $30.14.

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.