PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 205,570 Shares of Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 205,570 shares of PBF Energy stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $42.01, for a total transaction of $8,635,995.70. Following the transaction, the insider owned 17,912,128 shares in the company, valued at approximately $752,488,497.28. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • 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 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 stock was 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 stock was 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 transaction 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 transaction 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 transaction of $6,003,400.00.

PBF Energy Price Performance

PBF stock opened at $46.53 on Tuesday. PBF Energy Inc. has a one year low of $21.24 and a one year high of $52.18. The company’s fifty day moving average price is $41.07 and its 200-day moving average price is $37.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. The company has a market capitalization of $5.50 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 0.14 and a beta of 0.12.

PBF Energy (NYSE:PBFGet Free Report) last posted 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). The company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted ($3.53) earnings per share. On average, equities analysts anticipate that PBF Energy Inc. will post 7.69 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.4%. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PBF shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. The Goldman Sachs Group initiated coverage on PBF Energy in a report on Friday, April 10th. They set a “neutral” rating and a $49.00 price target for the company. Zacks Research downgraded PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Morgan Stanley upped their price objective on PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, June 12th. Finally, Mizuho increased their target price on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, PBF Energy currently has an average rating of “Reduce” and a consensus price target of $36.69.

Read Our Latest Stock Analysis on PBF

Institutional Trading of PBF Energy

Several hedge funds have recently made changes to their positions in PBF. Goldman Sachs Group Inc. grew its position in PBF Energy by 127.9% in 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 in the last quarter. State Street Corp raised its position in 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 valued at $131,661,000 after purchasing an additional 60,294 shares during the period. Dimensional Fund Advisors LP raised its position in 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 valued at $207,953,000 after purchasing an additional 454,731 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of PBF Energy by 54.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock valued at $153,452,000 after purchasing an additional 1,137,533 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after purchasing an additional 1,651,516 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

About PBF Energy

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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