PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 220,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 220,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.96, for a total value of $14,071,200.00. Following the transaction, the insider owned 15,492,128 shares of the company’s stock, valued at $990,876,506.88. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a 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 Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total transaction of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00.
• 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 shares were 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 transaction 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 transaction of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00.

PBF Energy Stock Performance

NYSE:PBF opened at $61.22 on Wednesday. PBF Energy Inc. has a 1 year low of $21.24 and a 1 year high of $68.33. The firm has a 50 day moving average of $47.45 and a 200-day moving average of $42.20. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $7.24 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.10 and a beta of 0.11.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the company earned ($3.53) earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that PBF Energy Inc. will post 10.94 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew 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 worth $171,595,000 after buying an additional 3,550,820 shares during the period. Hsbc Holdings PLC increased its stake in shares of PBF Energy by 81.7% in the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock valued at $1,840,000 after acquiring an additional 30,430 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of PBF Energy by 351.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock valued at $7,200,000 after acquiring an additional 206,666 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of PBF Energy in the 4th quarter valued at approximately $1,485,000. Finally, Jefferies Financial Group Inc. boosted its stake in PBF Energy by 7,210.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock worth $17,037,000 after acquiring an additional 619,622 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PBF shares. The Goldman Sachs Group lifted their price target on PBF Energy from $51.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. BMO Capital Markets increased their price objective on shares of PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. TD Cowen raised their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Mizuho boosted their target price on shares of PBF Energy from $48.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, Scotiabank upped their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.62.

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.