PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 315,776 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 315,776 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $77.78, for a total value of $24,561,057.28. Following the completion of the transaction, the insider directly owned 13,866,127 shares of the company’s stock, valued at approximately $1,078,507,358.06. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction of $7,702,000.00.
• On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was 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 shares were sold at an average price of $74.28, for a total transaction 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 value 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 value 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 transaction of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $63.96, for a total value of $14,071,200.00.
• 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 value of $5,452,000.00.

PBF Energy Stock Up 1.5%

Shares of PBF traded up $1.17 during mid-day trading on Friday, hitting $78.25. 2,960,792 shares of the company’s stock were exchanged, compared to its average volume of 2,479,828. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 0.09 and a beta of 0.09. PBF Energy Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $82.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The stock’s 50-day moving average is $66.93 and its 200-day moving average is $50.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping the consensus estimate of $4.15 by $2.07. The business had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.03) earnings per share. On average, sell-side analysts anticipate that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 14th. PBF Energy’s payout ratio is 9.73%.

Wall Street Analyst Weigh In

Several brokerages have commented on PBF. Evercore assumed coverage on shares of PBF Energy in a research note on Friday, July 17th. They issued an “in-line” rating and a $58.00 price target on the stock. Morgan Stanley boosted their price target on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, June 12th. Citigroup upped their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.42.

Hedge Funds Weigh In On PBF Energy

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in PBF Energy in the 4th quarter valued at $31,000. Leonteq Securities AG purchased a new position in shares of PBF Energy in the 1st quarter worth about $33,000. Smartleaf Asset Management LLC lifted its position in PBF Energy by 65.3% during the fourth 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 in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy during the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC boosted its position in shares of PBF Energy by 3,354.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock worth $60,000 after buying an additional 2,147 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.