PBF Energy (NYSE:PBF) Insider Sells $14,358,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 270,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $53.18, for a total transaction of $14,358,600.00. Following the sale, the insider owned 15,812,128 shares of the company’s stock, valued at $840,888,967.04. This represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
• 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 stock was 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 shares were 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 shares were 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 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 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 0.1%

PBF Energy stock opened at $53.14 on Monday. PBF Energy Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $54.82. 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 $6.29 billion, a P/E ratio of 14.32, a PEG ratio of 0.16 and a beta of 0.11. The stock has a 50-day simple moving average of $42.73 and a 200-day simple moving average of $39.27.

PBF Energy (NYSE:PBF) last announced 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). The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned ($3.53) earnings per share. Equities research analysts expect that PBF Energy Inc. will post 8.26 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

PBF Energy News Summary

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on PBF shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Freedom Capital upgraded shares of PBF Energy to a “hold” rating in a research note on Tuesday, July 7th. Scotiabank raised their price objective 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. Citigroup raised 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. Finally, Mizuho lifted their price objective on shares of PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $36.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Leonteq Securities AG acquired a new position in shares of PBF Energy in the first quarter valued at approximately $33,000. 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 stake in shares of PBF Energy during the fourth quarter worth $31,000. Smartleaf Asset Management LLC grew its position in PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in PBF Energy in the 4th quarter valued at $57,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Company Profile

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.