PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 9,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 9,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $32.91, for a total transaction of $296,190.00. Following the completion of the transaction, the insider owned 30,398,498 shares of the company’s stock, valued at $1,000,414,569.18. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total value of $1,351,600.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The shares were sold at an average price of $33.73, for a total value of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total value of $1,615,500.00.

PBF Energy Stock Up 1.2%

Shares of NYSE PBF opened at $33.39 on Friday. The firm’s fifty day moving average is $31.06 and its 200 day moving average is $29.45. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 2.11 and a beta of 0.47.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same quarter last year, the firm earned ($1.50) EPS. The company’s revenue was down 8.7% on a year-over-year basis. On average, equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, November 14th. PBF Energy’s payout ratio is currently -23.66%.

More PBF Energy News

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

• Neutral Sentiment: The company was the subject of a valuation/market-momentum piece that reviews PBF after recent share-price gains; that coverage can attract traders assessing upside vs. risk. Assessing PBF Energy (PBF) Valuation After Recent Share Price Momentum
• Negative Sentiment: An insider (Control Empresarial De Capital) disclosed a sale of 40,000 PBF shares on Jan. 22 at an average price of $33.79 (~$1.35M). While the seller still holds a very large stake, insider sales are typically viewed as a negative signal for investor sentiment. Insider Form 4 — 40,000 shares sold
• Negative Sentiment: The same insider also sold 9,000 shares on Jan. 21 at an average price of $32.91 (~$296k). Repeated small sales over consecutive days reinforces the near-term selling signal, even though the holder’s remaining position remains large. Insider Form 4 — 9,000 shares sold
• Negative Sentiment: Analyst sentiment is weak: MarketBeat’s aggregation shows a consensus rating of “Reduce” (majority sell/hold, few buys), which can cap upside until guidance or fundamentals shift. PBF Receives Consensus Rating of “Reduce”
• Negative Sentiment: Zacks downgraded PBF from “Hold” to “Strong Sell,” a more aggressive negative stance that may prompt income/quant funds to reduce exposure and weighs on investor confidence. Zacks downgrade to Strong Sell

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in PBF Energy by 63.6% in the first quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock worth $590,000 after purchasing an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PBF Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 2,609 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PBF Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock worth $4,996,000 after buying an additional 12,289 shares during the last quarter. Acadian Asset Management LLC increased its position in PBF Energy by 261.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,354 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in PBF Energy by 46.5% during the second quarter. Parallel Advisors LLC now owns 3,566 shares of the oil and gas company’s stock valued at $77,000 after buying an additional 1,132 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PBF. UBS Group lifted their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price target on shares of PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. TD Cowen reissued a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. Morgan Stanley set a $27.00 target price on shares of PBF Energy and gave the stock an “underweight” rating in a research report on Friday, October 3rd. Finally, Citigroup boosted their price target on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $30.14.

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.