PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 100,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $77.02, for a total value of $7,702,000.00. Following the completion of the transaction, the insider directly owned 14,185,397 shares of the company’s stock, valued at approximately $1,092,559,276.94. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was 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 value of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were 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 shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The stock was 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 stock was sold at an average price of $54.52, for a total value of $5,452,000.00.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total value of $19,870,200.00.

PBF Energy Price Performance

Shares of PBF opened at $74.57 on Friday. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.09 and a beta of 0.09. The business has a 50-day moving average of $63.98 and a 200-day moving average of $49.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $77.94.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (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 firm had revenue of $11.68 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the business earned ($1.03) EPS. The company’s revenue was up 56.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.5%. PBF Energy’s payout ratio is 9.73%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PBF. Corient Private Wealth LP raised its position in PBF Energy by 200.5% in the 2nd quarter. Corient Private Wealth LP now owns 40,681 shares of the oil and gas company’s stock valued at $1,852,000 after buying an additional 27,142 shares during the last quarter. California State Teachers Retirement System boosted its holdings in PBF Energy by 4,932.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,096,920 shares of the oil and gas company’s stock worth $232,012,000 after acquiring an additional 4,995,638 shares during the last quarter. HB Wealth Management LLC purchased a new position in PBF Energy during the 2nd quarter worth $374,000. AlphaGrep UK Ltd purchased a new position in PBF Energy during the 2nd quarter worth $390,000. Finally, Nykredit A S bought a new stake in shares of PBF Energy in the 2nd quarter worth $149,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

PBF has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Mizuho boosted their price target on shares of PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Evercore assumed coverage on shares of PBF Energy in a report on Friday, July 17th. They set an “in-line” rating and a $58.00 price objective on the stock. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their price objective on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.42.

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.