Control Empresarial De Capital Sells 100,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $54.52, for a total value of $5,452,000.00. Following the transaction, the insider directly owned 15,712,128 shares in the company, valued at $856,625,218.56. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total value of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total value of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $46.94, for a total transaction 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 transaction of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total transaction of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total transaction of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The shares were sold at an average price of $42.01, for a total transaction 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 transaction of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total value of $9,587,600.00.

PBF Energy Price Performance

PBF opened at $58.81 on Thursday. The stock has a fifty day moving average price of $43.65 and a 200 day moving average price of $39.96. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. PBF Energy Inc. has a 1 year low of $21.24 and a 1 year high of $61.01. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.16 and a beta of 0.11.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the business earned ($3.53) earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast that PBF Energy Inc. will post 9.76 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. PBF Energy’s dividend payout ratio is 29.65%.

Key Headlines Impacting PBF Energy

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

• Positive Sentiment: Mizuho raised its price target on PBF Energy to $57 from $48, suggesting improved expectations for the refinery’s outlook even though the firm kept a neutral rating. Article Title
• Positive Sentiment: Recent analyst coverage and comparison pieces are highlighting PBF Energy as a refinery name with turnaround potential, which may be helping investor sentiment. Article Title
• Neutral Sentiment: Articles noting that Russell 1000 investors are watching PBF Energy point to increased attention on the stock, but do not provide a clear operating catalyst. Article Title
• Negative Sentiment: Control Empresarial De Capital disclosed another sale of 100,000 PBF shares, adding to concerns about ongoing insider selling after the stock’s sharp rally. Article Title
• Negative Sentiment: Wall Street Zen downgraded PBF Energy to Hold, and GuruFocus said the shares may be overvalued after the recent run-up, which could pressure the stock. Article Title Article Title

Institutional Trading of PBF Energy

A number of hedge funds have recently bought and sold shares of PBF. Wedge Capital Management L L P NC increased its holdings in shares of PBF Energy by 19.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock worth $1,996,000 after purchasing an additional 7,107 shares during the period. Parallel Advisors LLC grew its position in PBF Energy by 6.8% during the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after buying an additional 242 shares in the last quarter. Bull Harbor Capital LLC bought a new position in PBF Energy during the first quarter valued at about $212,000. Amundi bought a new position in PBF Energy during the first quarter valued at about $1,574,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $225,000 after acquiring an additional 931 shares during the period. 96.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on PBF. BMO Capital Markets increased their target price on shares of PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Freedom Capital raised PBF Energy to a “hold” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group assumed coverage on PBF Energy in a research note on Friday, April 10th. They set a “neutral” rating and a $49.00 price target for the company. TD Cowen raised PBF Energy from a “sell” rating to a “hold” rating and increased their price objective for the company from $36.00 to $39.00 in a report on Monday, June 29th. Finally, Wall Street Zen downgraded PBF Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $38.50.

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.