PBF Energy (NYSE:PBF) Insider Sells $2,179,068.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 49,200 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $44.29, for a total value of $2,179,068.00. Following the completion of the transaction, the insider owned 24,696,898 shares of the company’s stock, valued at approximately $1,093,825,612.42. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $44.43, for a total value of $26,658,000.00.
  • On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $43.30, for a total value of $16,454,000.00.
  • On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The stock was sold at an average price of $43.55, for a total value of $11,540,750.00.
  • On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The shares were sold at an average price of $41.91, for a total value of $35,120,580.00.
  • On Tuesday, March 10th, Control Empresarial De Capital sold 22,000 shares of PBF Energy stock. The shares were sold at an average price of $40.08, for a total transaction of $881,760.00.
  • On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The shares were sold at an average price of $46.57, for a total value of $9,546,850.00.
  • On Wednesday, March 4th, Control Empresarial De Capital sold 903,100 shares of PBF Energy stock. The shares were sold at an average price of $42.62, for a total transaction of $38,490,122.00.
  • On Tuesday, March 3rd, Control Empresarial De Capital sold 99,000 shares of PBF Energy stock. The stock was sold at an average price of $40.33, for a total transaction of $3,992,670.00.
  • On Monday, March 2nd, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $38.33, for a total transaction of $4,599,600.00.
  • On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The shares were sold at an average price of $34.91, for a total transaction of $8,727,500.00.

PBF Energy Trading Up 5.8%

PBF stock traded up $2.57 during trading on Wednesday, reaching $47.12. The company had a trading volume of 5,208,683 shares, compared to its average volume of 3,721,900. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $47.18. The business has a 50 day moving average of $35.50 and a 200 day moving average of $32.76. The company has a market cap of $5.51 billion, a P/E ratio of -32.06, a PEG ratio of 4.64 and a beta of 0.41.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.64. The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.82) EPS. As a group, sell-side analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.275 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a yield of 2.3%. PBF Energy’s dividend payout ratio is -74.83%.

Institutional Investors Weigh In On PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in PBF Energy by 127.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after acquiring an additional 3,550,820 shares in the last quarter. Invesco Ltd. raised its stake in shares of PBF Energy by 147.4% in the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after purchasing an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC increased its holdings in PBF Energy by 230.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after buying an additional 1,454,500 shares in the last quarter. Norges Bank bought a new position in PBF Energy during the 4th quarter valued at about $34,243,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after acquiring an additional 1,159,628 shares during the period. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

PBF has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $34.00 target price on shares of PBF Energy in a research report on Monday, January 5th. Piper Sandler lifted their price target on shares of PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group lifted their target price on shares of PBF Energy from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, PBF Energy currently has an average rating of “Reduce” and a consensus target price of $31.69.

View Our Latest Stock Report on PBF

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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