Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $10,095,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of PBF Energy stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $84.13, for a total transaction of $10,095,600.00. Following the completion of the transaction, the insider directly owned 13,496,127 shares of the company’s stock, valued at $1,135,429,164.51. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $82.00, for a total value of $8,200,000.00.
• On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $80.60, for a total transaction of $12,090,000.00.
• 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 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 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 shares were sold at an average price of $74.79, for a total value 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 value 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 stock was 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 value of $15,135,355.00.

PBF Energy Stock Down 5.8%

PBF opened at $84.18 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The company has a market capitalization of $9.98 billion, a PE ratio of 7.45, a P/E/G ratio of 0.07 and a beta of 0.18. The stock’s fifty day moving average is $73.74 and its 200-day moving average is $55.94. PBF Energy Inc. has a one year low of $25.62 and a one year high of $89.48.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating 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 analyst estimates of $9.61 billion. During the same quarter last year, the firm posted ($1.03) EPS. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities analysts predict that PBF Energy Inc. will post 24.69 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.2750 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. PBF Energy’s dividend payout ratio (DPR) is currently 9.73%.

More PBF Energy News

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

• Positive Sentiment: Mizuho raised its price target to $89 from $65 while maintaining a neutral rating, implying limited additional upside but acknowledging PBF Energy’s strong recent performance. Related market article
• Positive Sentiment: PBF Energy’s latest reported quarter showed exceptionally strong operating momentum, with adjusted earnings of $7.54 per share and a gross refining margin of $23.40 per barrel. The company is scheduled to report third-quarter results on October 29.
• Positive Sentiment: Several major institutional investors increased their PBF positions in the second quarter, including FMR, AQR, BlackRock and T. Rowe Price. PBF also trades at a relatively low valuation, with a reported forward earnings multiple below 8.
• Neutral Sentiment: President Donald Trump said Russia may send millions of tons of diesel to global markets. Increased diesel availability could ease fuel prices, but it may also affect refined-product prices and refining margins; the impact on PBF Energy is uncertain. Trump says Russia may send diesel article
• Negative Sentiment: There was no new company-specific operational problem identified. The decline appears tied largely to profit-taking after a substantial refining-sector advance, softer crude prices and concerns that unusually high crack spreads may not persist until the next earnings report.
• Negative Sentiment: Insider selling remains a notable concern. Control Empresarial De Capital sold 120,000 shares for approximately $10.1 million and has made multiple recent sales. Quiver data also indicates 64 insider sales and no purchases over the past six months, potentially signaling that some insiders view the recent rally as an opportunity to lock in gains. PBF insider sale article
• Negative Sentiment: PBF Energy’s previously issued $500 million of 0% exchangeable notes due 2032 could create future dilution or capital-structure concerns, adding caution after the stock’s rapid appreciation.

Institutional Investors Weigh In On PBF Energy

Institutional investors and hedge funds have recently modified their holdings of the business. GK Wealth Management LLC bought a new stake in shares of PBF Energy in the third quarter valued at approximately $267,000. Riversedge Advisors LLC bought a new position in PBF Energy during the third quarter worth $234,000. Wedmont Private Capital acquired a new position in PBF Energy during the 3rd quarter valued at $186,000. GAMMA Investing LLC raised its stake in PBF Energy by 12.1% during the 3rd quarter. GAMMA Investing LLC now owns 6,257 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 675 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of PBF Energy by 43.1% in the third quarter. Farther Finance Advisors LLC now owns 5,156 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 1,552 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PBF shares. UBS Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of PBF Energy in a research note on Monday. Weiss Ratings raised PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Evercore initiated coverage on 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. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Citigroup upped their target price on PBF Energy from $74.00 to $91.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, PBF Energy has a consensus rating of “Hold” and a consensus target price of $65.55.

PBF Energy Company Profile

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.