PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 315,776 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 315,776 shares of PBF Energy stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $77.78, for a total transaction of $24,561,057.28. Following the transaction, the insider directly owned 13,866,127 shares of the company’s stock, valued at approximately $1,078,507,358.06. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were 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 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 shares were sold at an average price of $54.52, for a total value of $5,452,000.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $78.25 on Friday. The firm has a market cap of $9.28 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.09 and a beta of 0.09. 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 Inc. has a 1-year low of $25.62 and a 1-year high of $82.61. The business’s 50 day moving average is $66.93 and its 200-day moving average is $50.88.

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, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business 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 company posted ($1.03) EPS. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. Equities research analysts predict that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Hedge Funds Weigh In On PBF Energy

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

Analyst Ratings Changes

A number of equities analysts recently commented on PBF shares. Evercore began coverage on shares of PBF Energy in a research report on Friday, July 17th. They set an “in-line” rating and a $58.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Friday, August 7th. Citigroup raised their target price on shares of PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. The Goldman Sachs Group lifted their price target on shares of PBF Energy from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Finally, Mizuho boosted their price target on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.