Insider Selling: PBF Energy (NYSE:PBF) Director Sells $12,345,051.25 in Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 169,925 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $72.65, for a total value of $12,345,051.25. Following the completion of the transaction, the director owned 793,737 shares in the company, valued at $57,664,993.05. The trade was a 17.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PBF Energy Stock Performance

PBF stock opened at $73.92 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.76 billion, a PE ratio of 6.54, a P/E/G ratio of 0.09 and a beta of 0.10. The business has a 50 day moving average of $56.34 and a 200-day moving average of $46.34. PBF Energy Inc. has a 12-month low of $22.13 and a 12-month high of $75.68.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. The business had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.03) earnings per share. As a group, sell-side analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.5%. PBF Energy’s dividend payout ratio is presently 9.73%.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of 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 worth $180,000 after buying an additional 242 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PBF Energy by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 260 shares in the last quarter. Merit Financial Group LLC grew its stake in PBF Energy by 3.4% during the fourth quarter. Merit Financial Group LLC now owns 9,900 shares of the oil and gas company’s stock valued at $268,000 after acquiring an additional 325 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in PBF Energy by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock worth $375,000 after acquiring an additional 383 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PBF Energy by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after purchasing an additional 432 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81 while maintaining a neutral rating, indicating additional potential upside from recent levels. Goldman Sachs Price Target Update
• Positive Sentiment: The company continues to benefit from strong recent fundamentals. Second-quarter earnings significantly exceeded expectations, the Martinez refinery restart was completed, and gross debt declined by more than $1 billion. Tight fuel supplies and elevated gasoline prices could also support refining margins. PBF Energy Martinez Refinery Restart
• Neutral Sentiment: Analysts and quantitative screens continue to identify PBF Energy as a potential growth or value opportunity because of its low valuation and improving financial performance. However, the broader analyst consensus remains cautious, reflecting the cyclical nature of refining earnings. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas J. Nimbley sold 341,008 shares over August 17–19 for approximately $25.4 million, reducing his holdings by roughly 38% across the reported transactions. Control Empresarial de Capital also sold 120,000 shares for about $9.0 million and has made multiple recent sales. The scale and clustering of these transactions may signal profit-taking or raise concerns about insider confidence. PBF Energy Insider Sale Filings
• Negative Sentiment: PBF Energy’s rapid rally has brought valuation and margin sustainability into focus. Some analysts retain sell ratings, and the consensus price target remains well below the recent trading range, suggesting investors may be concerned that peak refining margins and earnings are not durable. PBF Energy Refining Margins and Valuation

Analysts Set New Price Targets

Several brokerages have commented on PBF. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Evercore began coverage on PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price objective for the company. Mizuho boosted their price objective on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley upped their price objective on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $50.92.

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.