Control Empresarial De Capital Sells 200,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 200,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $49.14, for a total transaction of $9,828,000.00. Following the completion of the sale, the insider owned 16,462,128 shares of the company’s stock, valued at approximately $808,948,969.92. The trade was a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The shares were sold at an average price of $46.65, for a total value of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $42.79, for a total value of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total value of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00.
• 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 transaction 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 transaction of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $45.91, for a total value of $10,100,200.00.

PBF Energy Stock Performance

NYSE PBF opened at $53.30 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The stock has a market cap of $6.31 billion, a PE ratio of 14.37, a P/E/G ratio of 0.16 and a beta of 0.11. The stock has a fifty day simple moving average of $42.53 and a 200-day simple moving average of $39.08. PBF Energy Inc. has a twelve month low of $21.24 and a twelve month high of $53.55.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the firm posted ($3.53) earnings per share. PBF Energy’s revenue was up 11.9% on a year-over-year basis. Equities analysts anticipate that PBF Energy Inc. will post 8.55 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s payout ratio is currently 29.65%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PBF. TD Cowen raised PBF Energy from a “sell” rating to a “hold” rating and boosted their target price for the stock from $36.00 to $39.00 in a research note on Monday, June 29th. Citigroup increased their target price on shares of PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Mizuho lifted their price target on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Scotiabank lifted their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group assumed coverage on PBF Energy in a report on Friday, April 10th. They issued a “neutral” rating and a $49.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.69.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PBF. Royal Bank of Canada increased its position in PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock worth $590,000 after purchasing an additional 12,025 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PBF Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 2,609 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PBF Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock valued at $4,996,000 after acquiring an additional 12,289 shares during the period. Acadian Asset Management LLC raised its position in PBF Energy by 261.0% in the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,354 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of PBF Energy during the 2nd quarter valued at about $1,143,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Key PBF Energy News

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

• Positive Sentiment: PBF Energy has been benefiting from stronger refining conditions, as rising oil prices, tighter fuel inventories, and improving crack spreads have boosted sentiment across refiner stocks. The company’s Martinez refinery recovery has also improved the operating outlook, which may support earnings expectations. PBF Energy Jumps as Refining-Margin Tailwinds Lift Refiner Shares
• Positive Sentiment: One recent analyst action was constructive: Freedom Capital upgraded PBF Energy to “hold,” while other commentary highlighted the stock’s growth and margin sensitivity, which can reinforce bullish trading interest. Zacks.com
• Neutral Sentiment: Market coverage noted that analysts remain divided on PBF Energy, with several ratings clustered around hold/neutral, suggesting the recent strength is driven more by industry conditions than by a broad consensus upgrade. Analysts’ Opinions Are Mixed on These Energy Stocks: PBF Energy (PBF) and Devon Energy (DVN)
• Negative Sentiment: Investor sentiment may be capped by continued insider selling: Control Empresarial De Capital sold 200,000 shares, adding to a pattern of repeated insider disposals over the past several months. Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $9,828,000.00 in Stock

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.