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 PBF Energy stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00. Following the transaction, the insider directly owned 18,117,698 shares of the company’s stock, valued at approximately $782,141,022.66. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 transaction 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 value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $49.96, for a total value of $31,824,520.00.

PBF Energy Stock Up 5.7%

NYSE:PBF opened at $42.66 on Thursday. PBF Energy Inc. has a twelve month low of $20.17 and a twelve month high of $52.18. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.15 and a beta of 0.12. The stock has a fifty day simple moving average of $41.81 and a 200-day simple moving average of $37.31. 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 (NYSE:PBF) last released its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the business posted ($3.53) earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts anticipate that PBF Energy Inc. will post 6.7 EPS for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is 29.65%.

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after acquiring an additional 3,550,820 shares during the last quarter. State Street Corp grew its stake in shares of PBF Energy by 1.3% during the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after acquiring an additional 60,294 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PBF Energy by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock worth $207,953,000 after acquiring an additional 454,731 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of PBF Energy by 54.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after acquiring an additional 1,137,533 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

PBF has been the subject of several recent research reports. Wall Street Zen downgraded PBF Energy from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Piper Sandler lifted their price objective on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Mizuho lifted their price objective on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Citigroup lifted their price objective on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of “Reduce” and a consensus target price of $36.15.

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.