PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 228,500 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 228,500 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $35.26, for a total value of $8,056,910.00. Following the completion of the sale, the insider directly owned 28,894,598 shares of the company’s stock, valued at approximately $1,018,823,525.48. This trade represents a 0.78% decrease in their position. 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 Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The stock was sold at an average price of $34.50, for a total value of $48,300.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was sold at an average price of $35.62, for a total value of $10,799,984.00.
• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The shares were sold at an average price of $34.66, for a total value of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The stock was sold at an average price of $35.07, for a total transaction of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total transaction of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The stock was sold at an average price of $34.07, for a total transaction of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total transaction of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total transaction of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total transaction of $8,624,200.00.

PBF Energy Stock Up 3.8%

NYSE PBF opened at $35.80 on Thursday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The stock has a market capitalization of $4.15 billion, a PE ratio of -7.70, a PEG ratio of 6.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59. The business’s 50-day moving average is $30.73 and its 200 day moving average is $30.25.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in shares of PBF Energy by 197.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after buying an additional 589 shares during the last quarter. Torren Management LLC purchased a new position in PBF Energy during the fourth quarter valued at $30,000. Deseret Mutual Benefit Administrators boosted its holdings in PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 440 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of PBF Energy in the fourth quarter worth $31,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 912 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PBF. Zacks Research downgraded PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Citigroup boosted their price objective on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Piper Sandler set a $41.00 target price on shares of PBF Energy in a research report on Monday, January 12th. Mizuho raised shares of PBF Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $38.00 in a research note on Friday, December 12th. Finally, UBS Group increased their price target on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $30.14.

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.