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

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 200,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $42.79, for a total value of $8,558,000.00. Following the transaction, the insider directly owned 17,712,128 shares in the company, valued at $757,901,957.12. The trade was a 1.12% 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, 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 value 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 value 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 transaction 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 transaction 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 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 Stock Up 7.9%

PBF Energy stock opened at $46.53 on Tuesday. PBF Energy Inc. has a twelve month low of $21.24 and a twelve month high of $52.18. 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 firm has a market cap of $5.50 billion, a PE ratio of 12.54, a P/E/G ratio of 0.14 and a beta of 0.12. The firm’s 50 day moving average price is $41.07 and its two-hundred day moving average price is $37.92.

PBF Energy (NYSE:PBFGet Free Report) last issued its 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 for the quarter, compared to analyst estimates of $7.32 billion. During the same period last year, the business earned ($3.53) EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that PBF Energy Inc. will post 7.69 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is currently 29.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. TD Cowen upgraded PBF Energy from a “sell” rating to a “hold” rating and lifted their price target for the company from $36.00 to $39.00 in a report on Monday. Wall Street Zen cut PBF Energy from a “buy” rating to a “hold” rating in a research note on Sunday. Mizuho increased their price objective on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, BMO Capital Markets increased their price objective on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, PBF Energy has an average rating of “Reduce” and an average target price of $36.69.

View Our Latest Report on PBF

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently bought and sold shares of PBF. Torren Management LLC acquired a new position in PBF Energy during the fourth quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the fourth quarter valued at about $31,000. Leonteq Securities AG acquired a new stake in shares of PBF Energy in the first quarter worth about $33,000. Smartleaf Asset Management LLC lifted its position in shares of PBF Energy by 65.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after buying an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of PBF Energy in the fourth quarter worth about $57,000. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

(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.

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

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