Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 903,100 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 903,100 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.62, for a total transaction of $38,490,122.00. Following the transaction, the insider owned 26,469,098 shares of the company’s stock, valued at approximately $1,128,112,956.76. This represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The stock was sold at an average price of $46.57, for a total transaction of $9,546,850.00.
• On Tuesday, March 3rd, Control Empresarial De Capital sold 99,000 shares of PBF Energy stock. The shares were 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 stock was sold at an average price of $34.91, for a total value of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total value of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The shares were sold at an average price of $35.38, for a total value of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The stock was sold at an average price of $34.50, for a total value of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total value of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were sold at an average price of $35.62, for a total value of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The stock was sold at an average price of $34.66, for a total value of $5,448,552.00.

PBF Energy Stock Down 5.3%

PBF traded down $2.44 during trading on Friday, reaching $43.22. The company had a trading volume of 4,534,397 shares, compared to its average volume of 3,614,798. The company has a market cap of $5.05 billion, a P/E ratio of -29.40, a PEG ratio of 6.01 and a beta of 0.41. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $47.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51. The business’s fifty day moving average price is $33.12 and its 200 day moving average price is $31.69.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the business earned ($2.82) EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. PBF Energy’s dividend payout ratio (DPR) is currently -74.83%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 589 shares during the period. Torren Management LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators boosted its stake in shares of PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 440 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of PBF Energy during the 4th quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PBF. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 price objective on shares of PBF Energy in a report on Monday, January 5th. Mizuho raised shares of PBF Energy from an “underperform” rating to a “neutral” rating and raised their target price for the company from $31.00 to $38.00 in a research report on Friday, December 12th. Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Piper Sandler boosted their price target on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $30.21.

About PBF Energy

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.