Thomas Nimbley Sells 116,008 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) Director Thomas Nimbley sold 116,008 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $73.73, for a total transaction of $8,553,269.84. Following the sale, the director directly owned 793,737 shares in the company, valued at approximately $58,522,229.01. This represents a 12.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PBF Energy Trading Down 5.9%

PBF opened at $69.52 on Friday. PBF Energy Inc. has a 1-year low of $22.13 and a 1-year high of $75.68. The stock has a market capitalization of $8.24 billion, a PE ratio of 6.15, a PEG ratio of 0.08 and a beta of 0.10. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $56.91 and a two-hundred day moving average price of $46.60.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.61 billion. During the same period in the prior year, the business earned ($1.03) earnings per share. PBF Energy’s quarterly revenue was up 56.2% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.6%. PBF Energy’s dividend payout ratio is currently 9.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PBF. Citigroup lifted their target price on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley upped their price target on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. Evercore initiated coverage on PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price target on the stock. UBS Group lifted their price objective on PBF Energy from $62.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $50.92.

More PBF Energy News

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81, signaling potential upside despite maintaining a neutral rating. The company’s recent earnings also provide support: quarterly EPS of $6.22 exceeded the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion.
• Positive Sentiment: PBF Energy’s operating outlook remains supported by tight fuel supplies, elevated gasoline prices and the completed restart of its Martinez refinery. Analysts expect approximately $15.74 in EPS for the current fiscal year, and the company recently declared a $0.275 quarterly dividend.
• Neutral Sentiment: Growth-oriented screens continue to highlight PBF Energy’s improving financial performance and relatively low valuation. However, refining profits are cyclical, and the broader analyst consensus remains cautious, with a “Reduce” rating and a consensus target price below the recent trading range. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas Nimbley reported sales totaling 341,008 shares across August 17–19, worth approximately $25.4 million. The transactions materially reduced his reported position and may be interpreted as profit-taking or a signal of caution after the stock’s sharp rally. Thomas Nimbley Insider Sale
• Negative Sentiment: Control Empresarial de Capital also sold 120,000 PBF Energy shares for approximately $9.0 million. The clustering of sizable insider sales increases near-term supply and reinforces concerns that current refining margins and earnings may not be sustainable at peak levels. PBF Energy Insider Trading News

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Torren Management LLC acquired a new position in shares of PBF Energy in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in shares of PBF Energy in the 4th quarter worth $31,000. Leonteq Securities AG acquired a new stake in shares of PBF Energy during the first quarter worth $33,000. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in PBF Energy in the fourth quarter valued at about $57,000. 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.