PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 469,700 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 469,700 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $49.44, for a total transaction of $23,221,968.00. Following the sale, the insider directly owned 20,975,698 shares in the company, valued at approximately $1,037,038,509.12. The trade was a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was sold at an average price of $49.49, for a total transaction of $34,024,375.00.
• On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The shares were sold at an average price of $47.02, for a total transaction of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The shares were sold at an average price of $48.84, for a total transaction of $16,605,600.00.
• On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total transaction of $2,609,360.00.
• On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total transaction of $26,658,000.00.
• On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The shares were sold at an average price of $44.29, for a total transaction of $2,179,068.00.
• On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $43.30, for a total value of $16,454,000.00.
• On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total value of $11,540,750.00.
• On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The stock was sold at an average price of $41.91, for a total value of $35,120,580.00.

PBF Energy Stock Performance

Shares of PBF opened at $51.19 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51. PBF Energy Inc. has a one year low of $13.61 and a one year high of $51.80. The firm has a market capitalization of $5.99 billion, a P/E ratio of -34.82, a PEG ratio of 0.63 and a beta of 0.41. The business has a fifty day moving average of $38.27 and a 200 day moving average of $33.85.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.PBF Energy’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.82) earnings per share. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.1%. PBF Energy’s dividend payout ratio is presently -74.83%.

Analyst Ratings Changes

PBF has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Mizuho upped their target price on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Citigroup increased their price target on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $31.69.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of PBF Energy by 197.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares during the period. Torren Management LLC bought a new stake in PBF Energy during the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in PBF Energy during the fourth quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators lifted its holdings in PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 912 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.