Thomas Nimbley Sells 468,139 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 468,139 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $69.54, for a total value of $32,554,386.06. Following the sale, the director owned 793,737 shares of the company’s stock, valued at approximately $55,196,470.98. The trade was a 37.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PBF Energy Stock Down 7.3%

Shares of PBF stock opened at $61.08 on Thursday. PBF Energy Inc. has a 12 month low of $21.46 and a 12 month high of $74.74. The stock has a 50 day moving average of $50.75 and a 200-day moving average of $43.67. The firm has a market cap of $7.23 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.09 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.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The firm 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 business’s revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.03) EPS. On average, equities analysts predict that PBF Energy Inc. will post 12.56 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. PBF Energy’s dividend payout ratio (DPR) is 9.73%.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in 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 acquiring an additional 3,550,820 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of PBF Energy by 81.7% in the fourth quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after acquiring an additional 30,430 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of PBF Energy by 351.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock worth $7,200,000 after purchasing an additional 206,666 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $1,485,000. Finally, Jefferies Financial Group Inc. grew its stake in shares of PBF Energy by 7,210.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock valued at $17,037,000 after purchasing an additional 619,622 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about PBF Energy

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF Energy’s latest quarterly results materially exceeded expectations. Earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue reached $11.68 billion, a 56.2% year-over-year increase. The results support upward earnings revisions and reflect strong refining profitability. PBF Energy earnings analysis
• Positive Sentiment: Zacks highlighted PBF as a stock with strong relative price strength, positive estimate revisions and solid fundamentals. Its low valuation—recently about 5 to 6 times earnings—could attract value-focused investors. Stocks with relative price strength
• Positive Sentiment: The company declared its regular quarterly dividend of $0.275 per share, payable August 28 to shareholders of record August 14. The annualized dividend is $1.10, with a relatively low payout ratio of 9.73%. Analyst actions have also included higher targets, including UBS’s $84 objective and a reported $74 target. PBF Energy price target and dividend
• Neutral Sentiment: Analyst opinion remains divided. Some firms have raised price targets or upgraded the shares, but the broader consensus is still cautious, with multiple Hold and Sell ratings and consensus targets below recent trading levels.
• Negative Sentiment: Insiders disclosed a cluster of large sales following PBF’s rally. CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, SVP Paul T. Davis sold 75,997 shares for about $5.0 million, SVP James E. Fedena sold 24,756 shares for roughly $1.8 million, and director Thomas J. Nimbley sold 468,139 shares for approximately $32.6 million. Control Empresarial De Capital separately sold 490,000 shares for about $34.9 million. Although several sellers retain sizable stakes, the scale and timing of the transactions may be pressuring sentiment. PBF Energy insider selling

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Freedom Capital cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. TD Cowen lifted their price objective on PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Finally, Citigroup increased their target price on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $50.15.

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.