Control Empresarial De Capital Sells 3,494 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 3,494 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $77.23, for a total transaction of $269,841.62. Following the transaction, the insider directly owned 14,181,903 shares of the company’s stock, valued at $1,095,268,368.69. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total transaction of $7,702,000.00.
• 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 transaction 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 transaction of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total value of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total value of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were 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 shares were sold at an average price of $54.52, for a total value of $5,452,000.00.

PBF Energy Stock Performance

Shares of PBF traded up $1.17 during mid-day trading on Friday, reaching $78.25. The company had a trading volume of 2,960,792 shares, compared to its average volume of 2,479,828. The stock has a market capitalization of $9.28 billion, a P/E ratio of 6.92, a PEG ratio of 0.09 and a beta of 0.09. PBF Energy Inc. has a 52-week low of $25.62 and a 52-week high of $82.61. The stock has a 50 day moving average of $66.93 and a two-hundred day moving average of $50.88. 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 announced its quarterly 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 firm had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the firm posted ($1.03) earnings per share. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. PBF Energy’s dividend payout ratio is 9.73%.

Institutional Trading of PBF Energy

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 242 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in PBF Energy by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 260 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in PBF Energy by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock valued at $375,000 after buying an additional 383 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PBF Energy by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after acquiring an additional 432 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of PBF Energy by 3.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock worth $682,000 after acquiring an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PBF shares. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. TD Cowen raised their target price on PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Citigroup boosted their price target on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group increased their price objective on PBF Energy from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.42.

PBF Energy Company Profile

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.