PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 120,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $38.33, for a total transaction of $4,599,600.00. Following the transaction, the insider directly owned 27,471,198 shares in the company, valued at approximately $1,052,971,019.34. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, March 3rd, Control Empresarial De Capital sold 99,000 shares of PBF Energy stock. The stock was sold at an average price of $40.33, for a total transaction of $3,992,670.00.
• On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The shares were sold at an average price of $34.91, for a total transaction of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total transaction of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The stock was sold at an average price of $35.38, for a total transaction of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The shares were sold at an average price of $34.50, for a total transaction of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The shares were sold at an average price of $35.26, for a total value of $8,056,910.00.
• 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 stock was 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 shares were sold at an average price of $35.07, for a total value of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $33.85, for a total value of $6,770,000.00.

PBF Energy Price Performance

Shares of PBF traded up $5.03 during trading hours on Wednesday, hitting $44.79. 6,972,531 shares of the company were exchanged, compared to its average volume of 2,884,794. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $45.13. The company has a market cap of $5.24 billion, a price-to-earnings ratio of -30.47, a P/E/G ratio of 5.33 and a beta of 0.41. The firm’s fifty day moving average is $32.73 and its 200 day moving average is $31.59.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.64. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.PBF Energy’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.82) earnings per share. On average, equities analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. PBF Energy’s dividend payout ratio is -74.83%.

Analysts Set New Price Targets

Several research analysts have commented on PBF shares. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research report on Monday, December 8th. Piper Sandler boosted their price target on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Mizuho raised PBF Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $31.00 to $38.00 in a research note on Friday, December 12th. Citigroup lifted their target price on PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, PBF Energy currently has an average rating of “Reduce” and an average target price of $30.21.

Institutional Trading of PBF Energy

Several hedge funds and other institutional investors have recently made changes to their positions in PBF. Pacer Advisors Inc. increased its stake in shares of PBF Energy by 15.6% in the fourth quarter. Pacer Advisors Inc. now owns 19,473 shares of the oil and gas company’s stock valued at $528,000 after buying an additional 2,635 shares during the period. Corient Private Wealth LLC boosted its position in PBF Energy by 4.1% during the 4th quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock worth $334,000 after buying an additional 483 shares during the period. Empowered Funds LLC grew its holdings in PBF Energy by 7.3% during the 4th quarter. Empowered Funds LLC now owns 119,402 shares of the oil and gas company’s stock worth $3,238,000 after acquiring an additional 8,154 shares during the last quarter. Voloridge Investment Management LLC increased its position in PBF Energy by 49.7% in the 4th quarter. Voloridge Investment Management LLC now owns 1,729,304 shares of the oil and gas company’s stock valued at $46,899,000 after acquiring an additional 574,001 shares during the period. Finally, SummitTX Capital L.P. acquired a new position in PBF Energy in the 4th quarter valued at approximately $821,000. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

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.