Thomas Nimbley Sells 260,063 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 260,063 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $67.84, for a total transaction of $17,642,673.92. Following the transaction, the director owned 793,737 shares in the company, valued at approximately $53,847,118.08. The trade was a 24.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PBF Energy Stock Down 3.3%

PBF Energy stock opened at $71.88 on Friday. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10. The firm’s fifty day moving average price is $54.37 and its two-hundred day moving average price is $45.37. PBF Energy Inc. has a 1-year low of $22.13 and a 1-year high of $74.74. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.

PBF Energy (NYSE:PBF) last posted its 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. 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 during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the firm posted ($1.03) earnings per share. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities research 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 $0.275 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. PBF Energy’s dividend payout ratio is 9.73%.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently bought and sold shares of PBF. Torren Management LLC purchased a new stake in PBF Energy in the fourth quarter worth $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at $31,000. Leonteq Securities AG purchased a new position in shares of PBF Energy during the 1st quarter valued at $33,000. Smartleaf Asset Management LLC grew 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 worth $38,000 after acquiring an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in PBF Energy in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PBF shares. The Goldman Sachs Group increased their price target on PBF Energy from $51.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. TD Cowen upped their target price on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Evercore began coverage on shares of PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price for the company. Finally, Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $50.15.

Key PBF Energy News

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

• Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
• Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
• Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article

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.