PBF Energy (NYSE:PBF) Insider Sells $1,615,500.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 50,000 shares of PBF Energy stock in a transaction on Friday, January 9th. The stock was sold at an average price of $32.31, for a total value of $1,615,500.00. Following the transaction, the insider directly owned 30,773,498 shares of the company’s stock, valued at approximately $994,291,720.38. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PBF Energy Price Performance

PBF Energy stock traded up $0.11 during trading hours on Tuesday, hitting $32.90. The stock had a trading volume of 4,010,465 shares, compared to its average volume of 5,200,775. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $41.47. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -7.08, a PEG ratio of 1.18 and a beta of 0.47. The stock’s fifty day moving average is $32.14 and its two-hundred day moving average is $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.50) EPS. As a group, analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. PBF Energy’s dividend payout ratio is -23.66%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PBF. Allspring Global Investments Holdings LLC purchased a new position in shares of PBF Energy in the 3rd quarter worth $10,207,000. Intech Investment Management LLC increased its stake in PBF Energy by 27.3% during the first quarter. Intech Investment Management LLC now owns 119,365 shares of the oil and gas company’s stock worth $2,279,000 after acquiring an additional 25,616 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in PBF Energy during the second quarter worth about $5,843,000. Pallas Capital Advisors LLC purchased a new position in shares of PBF Energy in the 2nd quarter worth about $448,000. Finally, Creative Planning lifted its stake in shares of PBF Energy by 64.8% in the 2nd quarter. Creative Planning now owns 92,976 shares of the oil and gas company’s stock valued at $2,015,000 after purchasing an additional 36,571 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price objective for the company. in a research report on Monday, September 15th. Scotiabank raised their price target on PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Cowen reissued a “sell” rating on shares of PBF Energy in a report on Friday, October 31st. Tudor Pickering lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. Finally, UBS Group lifted their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, PBF Energy presently has an average rating of “Reduce” and an average target price of $29.64.

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.