PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 220,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00. Following the completion of the sale, the insider owned 18,217,698 shares in the company, valued at approximately $793,927,278.84. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total value of $1,350,360.00.
- On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 Stock Performance
Shares of PBF stock opened at $42.64 on Friday. The stock has a fifty day moving average price of $42.34 and a 200 day moving average price of $37.22. The stock has a market cap of $5.04 billion, a PE ratio of 11.49, a P/E/G ratio of 0.16 and a beta of 0.12. PBF Energy Inc. has a 1 year low of $18.10 and a 1 year high of $52.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31.
PBF Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.6%. PBF Energy’s payout ratio is currently 29.65%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PBF. Morgan Stanley lifted their price objective on PBF Energy from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Scotiabank lifted their price objective on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Citigroup lifted their price objective on PBF Energy from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. TD Cowen reduced their price objective on PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a report on Monday, April 27th. Finally, Mizuho boosted their price target on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $36.15.
Check Out Our Latest Stock Report on PBF
Hedge Funds Weigh In On PBF Energy
A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in shares of PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after acquiring an additional 242 shares during the last quarter. Bull Harbor Capital LLC acquired a new position in PBF Energy in the 1st quarter valued at $212,000. Amundi acquired a new position in PBF Energy in the 1st quarter valued at $1,574,000. EverSource Wealth Advisors LLC raised its holdings in PBF Energy by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after acquiring an additional 931 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in PBF Energy by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock valued at $4,823,000 after acquiring an additional 19,354 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.
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.
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