Control Empresarial De Capital Sells 220,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 220,000 shares of PBF Energy stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.96, for a total value of $14,071,200.00. Following the sale, the insider directly owned 15,492,128 shares of the company’s stock, valued at approximately $990,876,506.88. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total value of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were 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 shares were sold at an average price of $49.14, for a total transaction 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 value of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total value 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 transaction of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $42.79, for a total transaction of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value 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 value of $4,317,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $63.30 on Thursday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 0.10 and a beta of 0.11. The company has a 50 day simple moving average of $47.88 and a two-hundred day simple moving average of $42.42. PBF Energy Inc. has a 12 month low of $21.24 and a 12 month high of $68.33. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the company posted ($3.53) earnings per share. PBF Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts predict that PBF Energy Inc. will post 10.94 earnings per share for the current year.

Institutional Trading of PBF Energy

Several hedge funds have recently made changes to their positions in PBF. Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 3,550,820 shares during the period. State Street Corp raised its holdings in shares of PBF Energy by 1.3% in the 4th quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock valued at $131,661,000 after purchasing an additional 60,294 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PBF Energy by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after buying an additional 454,731 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of PBF Energy by 54.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after acquiring an additional 1,137,533 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

PBF has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, April 2nd. Mizuho raised their price target on shares of PBF Energy from $48.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Citigroup upped their price target on PBF Energy from $43.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. TD Cowen increased their price target on shares of PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Evercore initiated coverage on PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and an average price target of $45.62.

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.