Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $296,190.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 9,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $32.91, for a total transaction of $296,190.00. Following the transaction, the insider directly owned 30,398,498 shares in the company, valued at approximately $1,000,414,569.18. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total transaction of $1,351,600.00.
• 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 transaction of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total transaction of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The stock was sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Stock Up 1.2%

PBF stock opened at $33.39 on Monday. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of 2.17 and a beta of 0.47. The business’s 50 day moving average price is $31.06 and its two-hundred day moving average price is $29.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.17. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The firm’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.50) earnings per share. As a group, analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. PBF Energy’s dividend payout ratio (DPR) is -23.66%.

More PBF Energy News

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

• Neutral Sentiment: The company was the subject of a valuation/market-momentum piece that reviews PBF after recent share-price gains; that coverage can attract traders assessing upside vs. risk. Assessing PBF Energy (PBF) Valuation After Recent Share Price Momentum
• Negative Sentiment: An insider (Control Empresarial De Capital) disclosed a sale of 40,000 PBF shares on Jan. 22 at an average price of $33.79 (~$1.35M). While the seller still holds a very large stake, insider sales are typically viewed as a negative signal for investor sentiment. Insider Form 4 — 40,000 shares sold
• Negative Sentiment: The same insider also sold 9,000 shares on Jan. 21 at an average price of $32.91 (~$296k). Repeated small sales over consecutive days reinforces the near-term selling signal, even though the holder’s remaining position remains large. Insider Form 4 — 9,000 shares sold
• Negative Sentiment: Analyst sentiment is weak: MarketBeat’s aggregation shows a consensus rating of “Reduce” (majority sell/hold, few buys), which can cap upside until guidance or fundamentals shift. PBF Receives Consensus Rating of “Reduce”
• Negative Sentiment: Zacks downgraded PBF from “Hold” to “Strong Sell,” a more aggressive negative stance that may prompt income/quant funds to reduce exposure and weighs on investor confidence. Zacks downgrade to Strong Sell

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of PBF Energy by 114.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,491 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,331 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of PBF Energy by 2.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 37,400 shares of the oil and gas company’s stock valued at $1,014,000 after acquiring an additional 720 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of PBF Energy by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,306 shares of the oil and gas company’s stock worth $1,098,000 after acquiring an additional 511 shares during the period. Next Level Private LLC raised its holdings in shares of PBF Energy by 0.6% during the fourth quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock valued at $1,808,000 after purchasing an additional 378 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $842,000. 96.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PBF has been the topic of several recent research reports. TD Cowen restated a “sell” rating on shares of PBF Energy in a research note on Friday, October 31st. Scotiabank increased their target price on PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Wolfe Research downgraded PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Monday, December 8th. UBS Group upped their price target on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $30.14.

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.