Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 200,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 200,000 shares of PBF Energy stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00. Following the sale, the insider owned 16,662,128 shares of the company’s stock, valued at approximately $782,120,288.32. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 value 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 transaction 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 shares were 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 stock was sold at an average price of $44.41, for a total transaction of $133,230.00.

PBF Energy Stock Up 3.0%

PBF traded up $1.44 on Monday, reaching $49.25. The company’s stock had a trading volume of 2,131,697 shares, compared to its average volume of 3,397,729. PBF Energy Inc. has a 1 year low of $21.24 and a 1 year high of $52.18. The business’s 50 day moving average is $41.73 and its 200 day moving average is $38.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.14 and a beta of 0.11.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.53) EPS. As a group, research analysts forecast that PBF Energy Inc. will post 8.55 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were paid 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 2.2%. PBF Energy’s dividend payout ratio is 29.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PBF. Goldman Sachs Group Inc. increased its holdings in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares during the period. State Street Corp lifted its position in PBF Energy by 1.3% in the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after purchasing an additional 60,294 shares during the period. Dimensional Fund Advisors LP increased its holdings in PBF Energy by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after buying an additional 454,731 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of PBF Energy by 54.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock valued at $153,452,000 after buying an additional 1,137,533 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after acquiring an additional 1,651,516 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PBF shares. Scotiabank increased their price objective on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. TD Cowen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Monday, June 29th. Morgan Stanley increased their price target on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. Zacks Research cut shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, PBF Energy currently has a consensus rating of “Reduce” and a consensus target price of $36.69.

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.