PBF Energy (NYSE:PBF) SVP Trecia Canty Sells 75,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) SVP Trecia Canty sold 75,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $74.10, for a total value of $5,557,500.00. Following the sale, the senior vice president owned 191,779 shares in the company, valued at $14,210,823.90. The trade was a 28.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PBF Energy Stock Performance

Shares of PBF Energy stock traded up $3.19 during midday trading on Monday, hitting $75.04. The company had a trading volume of 2,944,438 shares, compared to its average volume of 3,371,942. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.08 and a beta of 0.10. 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 company has a fifty day simple moving average of $54.37 and a 200 day simple moving average of $45.46. PBF Energy Inc. has a 12-month low of $22.13 and a 12-month high of $75.68.

PBF Energy (NYSE:PBF) last released its earnings results 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. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the firm earned ($1.03) EPS. PBF Energy’s revenue was up 56.2% compared to the same quarter last year. As a group, analysts predict that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Freedom Capital lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Citigroup increased their price objective on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Morgan Stanley raised their price objective on PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, June 12th. Scotiabank lifted their target price on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, UBS Group upped their target price on PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $50.15.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Leonteq Securities AG acquired a new position in PBF Energy during the first quarter valued at $33,000. Torren Management LLC acquired a new stake in PBF Energy during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC raised its stake in shares of PBF Energy by 65.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of PBF Energy during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.