PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $50.74, for a total value of $10,148,000.00. Following the sale, the insider owned 19,453,698 shares in the company, valued at $987,080,636.52. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total transaction of $30,312,000.00.
- On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total transaction of $31,824,520.00.
- On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The shares were sold at an average price of $51.14, for a total transaction of $4,346,900.00.
- On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total transaction of $23,221,968.00.
- On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was sold at an average price of $49.49, for a total transaction of $34,024,375.00.
- On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total transaction of $22,193,440.00.
- On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total transaction of $16,605,600.00.
- On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The stock was sold at an average price of $50.18, for a total value of $2,609,360.00.
- On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The shares were sold at an average price of $46.21, for a total value of $50,831,000.00.
- On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $44.43, for a total value of $26,658,000.00.
PBF Energy Stock Performance
NYSE:PBF traded up $0.43 during trading hours on Thursday, reaching $46.52. 537,319 shares of the stock were exchanged, compared to its average volume of 3,816,074. The stock has a market capitalization of $5.44 billion, a P/E ratio of -31.65, a P/E/G ratio of 0.59 and a beta of 0.24. The firm has a 50 day simple moving average of $39.28 and a 200-day simple moving average of $34.29. 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 52 week low of $13.61 and a 52 week high of $52.18.
PBF Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, February 25th. PBF Energy’s dividend payout ratio (DPR) is presently -74.83%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on PBF shares. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Mizuho boosted their price objective on PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Scotiabank upgraded PBF Energy to a “hold” rating in a research note on Friday, March 27th. Finally, Citigroup raised their target price on PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $31.69.
Check Out Our Latest Report on PBF Energy
Institutional Investors Weigh In On PBF Energy
Several hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of PBF Energy during the third quarter worth $10,207,000. First Eagle Investment Management LLC lifted its position in shares of PBF Energy by 7.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company’s stock worth $16,519,000 after purchasing an additional 40,129 shares during the last quarter. Nomura Holdings Inc. acquired a new position in PBF Energy during the 2nd quarter valued at $5,843,000. Allianz Asset Management GmbH grew its holdings in shares of PBF Energy by 1,232.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company’s stock worth $8,058,000 after purchasing an additional 247,039 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in PBF Energy by 264.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company’s stock valued at $2,922,000 after purchasing an additional 70,312 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other 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.
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