PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 380,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 380,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00. Following the completion of the sale, the insider owned 16,082,128 shares in the company, valued at $840,934,473.12. This represents a 2.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were 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 stock was 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 shares were 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.
• 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.

PBF Energy Stock Down 0.3%

NYSE PBF opened at $53.14 on Friday. The stock’s 50 day simple moving average is $42.73 and its 200 day simple moving average is $39.18. PBF Energy Inc. has a one year low of $21.24 and a one year high of $54.82. The firm has a market cap of $6.29 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.16 and a beta of 0.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($3.53) EPS. As a group, sell-side analysts forecast that PBF Energy Inc. will post 8.26 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors 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 annualized dividend and a yield of 2.1%. PBF Energy’s dividend payout ratio is 29.65%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PBF shares. Scotiabank upped their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $36.00 to $39.00 in a research report on Monday, June 29th. Citigroup boosted their price objective on shares of PBF Energy from $36.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. BMO Capital Markets upped 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. Finally, Wall Street Zen upgraded PBF Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy presently has an average rating of “Reduce” and an average price target of $36.69.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in shares of PBF Energy during the fourth quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in PBF Energy in the fourth quarter valued at about $31,000. Leonteq Securities AG acquired a new position in PBF Energy in the first quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its holdings in PBF Energy by 65.3% during 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. bought a new position in PBF Energy during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Trending Headlines about PBF Energy

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

• Positive Sentiment: PBF Energy stock has benefited from a rise in refining-related optimism, with a recent report noting that the end of the U.S.-Iran ceasefire helped boost energy shares and “gushed” PBF higher this week. Article Title
• Positive Sentiment: Wall Street Zen upgraded PBF Energy from “hold” to “buy,” adding to a generally constructive backdrop for the stock.
• Positive Sentiment: Recent strength in crack spreads and broader refining business trends continue to support sentiment toward PBF Energy’s earnings power. Article Title

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.