PBF Energy (NYSE:PBF) Stock: Insider Steven John Andriola Sells 2,522 Shares

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,522 shares of PBF Energy stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $76.69, for a total transaction of $193,412.18. Following the completion of the transaction, the chief accounting officer directly owned 16,659 shares in the company, valued at $1,277,578.71. This trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PBF Energy Stock Down 6.9%

Shares of NYSE PBF opened at $72.46 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.59 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $77.68 and its 200 day simple moving average is $54.15. The firm has a market cap of $8.59 billion, a PE ratio of 3.24, a P/E/G ratio of 0.08 and a beta of 0.15. PBF Energy Inc. has a 12-month low of $25.62 and a 12-month high of $92.46.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share for the quarter, topping analysts’ consensus estimates of $11.12 by $1.66. PBF Energy had a net margin of 6.98% and a return on equity of 34.92%. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm earned ($0.52) EPS. The firm’s quarterly revenue was up 58.6% on a year-over-year basis. As a group, sell-side analysts forecast that PBF Energy Inc. will post 25.95 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Thursday, November 12th will be paid a $0.3250 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, November 12th. This is a boost from PBF Energy’s previous quarterly dividend of $0.2750. PBF Energy’s dividend payout ratio (DPR) is currently 5.81%.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Leonteq Securities AG acquired a new position in PBF Energy in the 1st quarter worth $33,000. Mather Group LLC. bought a new position in shares of PBF Energy during the third quarter worth approximately $37,000. REAP Financial Group LLC acquired a new position in shares of PBF Energy in the third quarter valued at about $39,000. Carolina Wealth Advisors LLC bought a new stake in shares of PBF Energy in the third quarter valued at approximately $44,000. Finally, IFP Advisors Inc raised its stake in PBF Energy by 68.7% in the second quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 591 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings upgraded PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. TD Cowen boosted their target price on PBF Energy from $73.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, October 22nd. Freedom Capital cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Freedom Broker upgraded PBF Energy from a “sell” rating to a “hold” rating and upped their target price for the company from $55.00 to $63.00 in a research note on Monday. Finally, Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.50.

About PBF Energy

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.