PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 280,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 280,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $46.65, for a total transaction of $13,062,000.00. Following the transaction, the insider directly owned 16,862,128 shares in the company, valued at approximately $786,618,271.20. The trade was a 1.63% 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 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 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 stock was 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 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 stock was 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 stock was 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 shares were 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 shares were 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.

PBF Energy Stock Performance

NYSE:PBF opened at $47.98 on Thursday. PBF Energy Inc. has a fifty-two week low of $21.24 and a fifty-two week 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 company has a 50 day moving average price of $41.44 and a 200 day moving average price of $38.14. The stock has a market capitalization of $5.68 billion, a P/E ratio of 12.93, a PEG ratio of 0.14 and a beta of 0.12.

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). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the firm earned ($3.53) EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that PBF Energy Inc. will post 8.02 EPS for the current 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 $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, May 14th. PBF Energy’s payout ratio is currently 29.65%.

Analyst Ratings Changes

A number of equities analysts recently commented on PBF shares. Mizuho raised their target price on PBF Energy from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group began coverage on shares of PBF Energy in a research note on Friday, April 10th. They set a “neutral” rating and a $49.00 price target on the stock. TD Cowen raised shares of PBF Energy from a “sell” rating to a “hold” rating and increased their price target for the stock from $36.00 to $39.00 in a research report on Monday. Citigroup raised their price objective on shares of PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Scotiabank lifted their price objective on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $36.69.

Institutional Trading of PBF Energy

Several hedge funds have recently modified their holdings of PBF. Parallel Advisors LLC boosted its holdings in PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 242 shares during the period. Bull Harbor Capital LLC purchased a new stake in PBF Energy during the 1st quarter worth about $212,000. Amundi acquired a new stake in PBF Energy in the 1st quarter valued at about $1,574,000. EverSource Wealth Advisors LLC raised its position in PBF Energy by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 931 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of PBF Energy by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock valued at $4,823,000 after buying an additional 19,354 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.