PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 150,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $80.60, for a total value of $12,090,000.00. Following the sale, the insider owned 13,716,127 shares of the company’s stock, valued at approximately $1,105,519,836.20. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total value of $24,561,057.28.
- On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was sold at an average price of $77.23, for a total value of $269,841.62.
- On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total value of $7,702,000.00.
- On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total value of $8,974,800.00.
- On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total value of $472,123.68.
- On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The shares were sold at an average price of $72.18, for a total transaction of $15,157,800.00.
- On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00.
- On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00.
- On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total value of $34,917,400.00.
- On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total value of $14,071,200.00.
PBF Energy Stock Up 6.0%
Shares of PBF traded up $4.22 during midday trading on Tuesday, reaching $74.62. 9,284,424 shares of the company were exchanged, compared to its average volume of 3,348,615. The stock has a 50-day moving average price of $67.35 and a 200-day moving average price of $51.25. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 6.60, a P/E/G ratio of 0.08 and a beta of 0.09. PBF Energy Inc. has a 1-year low of $25.62 and a 1-year high of $82.61. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.
PBF Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of PBF. Sequoia Financial Advisors LLC lifted its position in shares of PBF Energy by 128.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,631 shares of the oil and gas company’s stock worth $484,000 after buying an additional 5,969 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of PBF Energy by 90.4% during the 2nd quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock worth $2,887,000 after purchasing an additional 30,117 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of PBF Energy by 76.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,632 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 3,728 shares during the period. IFP Advisors Inc lifted its holdings in shares of PBF Energy by 68.7% in the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 591 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of PBF Energy by 166.2% in the 2nd quarter. Allworth Financial LP now owns 6,888 shares of the oil and gas company’s stock worth $314,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.
Wall Street Analyst Weigh In
PBF has been the subject of several analyst reports. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. UBS Group boosted their price objective on shares of PBF Energy from $62.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Evercore started coverage on shares of PBF Energy in a research report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price objective for the company. Citigroup raised their target price on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Freedom Capital lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.55.
Read Our Latest Report on PBF Energy
PBF Energy News Roundup
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: Debt refinancing could improve financial flexibility. PBF Holding and PBF Finance priced $500 million of 0% exchangeable notes due 2032. The proceeds are intended to refinance or redeem existing debt, potentially lowering near-term interest costs and extending maturities. PBF Energy Announces Pricing of $500 Million of 0% Exchangeable Notes due 2032
- Positive Sentiment: Growth and momentum screens remain favorable. Zacks highlighted PBF Energy’s growth characteristics and described the company as a potential momentum pick, which may attract quantitative and momentum-oriented investors. Is PBF Energy a Solid Growth Stock?
- Neutral Sentiment: The exchangeable-notes structure has both benefits and risks. The 0% coupon reduces cash interest expense, but exchangeable notes may create future equity dilution if holders exchange the debt for PBF shares. The offering also adds debt, even as it supports refinancing efforts. PBF Energy Prices Exchangeable Notes to Refinance Debt
- Negative Sentiment: The financing announcement initially weighed on the stock. Investors reacted negatively to the $500 million notes offering, likely reflecting concerns about additional leverage and potential dilution. PBF Energy Shares Fall on $500M Notes Offering
- Negative Sentiment: Morgan Stanley initiated a Sell rating. The bearish analyst stance represents a negative signal for investor sentiment and could limit further upside. PBF Energy Gets a Sell from Morgan Stanley
- Negative Sentiment: An insider sale adds a secondary cautionary signal. An insider reportedly sold approximately $24.6 million of PBF stock, which may raise concerns about management or insider confidence, although one transaction does not establish a broader trend. PBF Energy Insider Sale
About PBF Energy
PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.
The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.
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