PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 270,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 270,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $53.18, for a total transaction of $14,358,600.00. Following the transaction, the insider directly owned 15,812,128 shares in the company, valued at approximately $840,888,967.04. This represents a 1.68% 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 Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total value of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total value of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The shares were sold at an average price of $46.65, for a total transaction of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total value of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The shares were sold at an average price of $42.01, for a total transaction of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total value of $1,350,360.00.

PBF Energy Trading Down 0.3%

NYSE PBF traded down $0.17 on Friday, hitting $53.14. The company’s stock had a trading volume of 1,692,350 shares, compared to its average volume of 2,622,319. The company’s 50-day moving average is $42.73 and its 200 day moving average is $39.18. The firm has a market cap of $6.29 billion, a PE ratio of 14.32, a PEG ratio of 0.16 and a beta of 0.11. PBF Energy Inc. has a 1-year low of $21.24 and a 1-year high of $54.82. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.53) earnings per share. As a group, analysts predict that PBF Energy Inc. will post 8.26 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy’s payout ratio is presently 29.65%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PBF. The Goldman Sachs Group started coverage on shares of PBF Energy in a research note on Friday, April 10th. They set a “neutral” rating and a $49.00 price target for the company. Freedom Capital upgraded shares of PBF Energy to a “hold” rating in a report on Tuesday. Morgan Stanley raised their price target on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, June 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Finally, Scotiabank boosted their price objective on PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.69.

Key Stories Impacting PBF Energy

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

• Positive Sentiment: PBF Energy stock has benefited from a rise in refining-related optimism, with a recent report noting that the end of the U.S.-Iran ceasefire helped boost energy shares and “gushed” PBF higher this week. Article Title
• Positive Sentiment: Wall Street Zen upgraded PBF Energy from “hold” to “buy,” adding to a generally constructive backdrop for the stock.
• Positive Sentiment: Recent strength in crack spreads and broader refining business trends continue to support sentiment toward PBF Energy’s earnings power. Article Title

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of PBF Energy by 127.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after acquiring an additional 3,550,820 shares in the last quarter. Invesco Ltd. lifted its holdings in PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the period. AQR Capital Management LLC lifted its holdings in PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after acquiring an additional 1,454,500 shares during the period. Norges Bank purchased a new position in PBF Energy in the fourth quarter worth $34,243,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after purchasing an additional 1,159,628 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.