Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $34,024,375.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 687,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $49.49, for a total value of $34,024,375.00. Following the completion of the sale, the insider directly owned 21,445,398 shares of the company’s stock, valued at $1,061,332,747.02. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The stock was sold at an average price of $49.44, for a total value of $23,221,968.00.
  • On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total value of $22,193,440.00.
  • On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total value of $16,605,600.00.
  • On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total value of $2,609,360.00.
  • On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The shares were sold at an average price of $46.21, for a total value of $50,831,000.00.
  • On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total transaction of $26,658,000.00.
  • On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The stock was sold at an average price of $44.29, for a total transaction of $2,179,068.00.
  • On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $43.30, for a total transaction of $16,454,000.00.
  • On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total transaction of $11,540,750.00.
  • On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The stock was sold at an average price of $41.91, for a total transaction of $35,120,580.00.

PBF Energy Stock Down 2.0%

Shares of NYSE:PBF opened at $50.20 on Tuesday. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $52.18. 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 stock has a market cap of $5.87 billion, a P/E ratio of -34.15, a P/E/G ratio of 0.64 and a beta of 0.41. The firm has a fifty day moving average price of $38.68 and a 200 day moving average price of $34.07.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating 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 company had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the previous year, the business posted ($2.82) earnings per share. PBF Energy’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, February 25th. PBF Energy’s payout ratio is -74.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PBF. Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Mizuho boosted their target price on PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. The Goldman Sachs Group increased their price target on PBF Energy from $33.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, Citigroup lifted their price objective on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, PBF Energy has a consensus rating of “Reduce” and a consensus price target of $31.69.

Get Our Latest Analysis on PBF Energy

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position 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 valued at $171,595,000 after acquiring an additional 3,550,820 shares during the period. Invesco Ltd. grew its holdings in shares of PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC grew its holdings in shares of PBF Energy by 230.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after acquiring an additional 1,454,500 shares during the period. Norges Bank purchased a new position in PBF Energy in the 4th quarter valued at approximately $34,243,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in PBF Energy by 2,198.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after purchasing an additional 1,159,628 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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