PBF Energy (NYSE:PBF) Stock: Insider Steven John Andriola Sells 2,522 Shares

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,522 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $76.69, for a total value of $193,412.18. Following the transaction, the chief accounting officer directly owned 16,659 shares of the company’s stock, valued at $1,277,578.71. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PBF Energy Stock Up 3.6%

Shares of NYSE PBF traded up $2.68 during midday trading on Tuesday, hitting $77.76. 2,496,222 shares of the company’s stock were exchanged, compared to its average volume of 3,328,279. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The firm’s fifty day simple moving average is $77.40 and its 200-day simple moving average is $53.71. The company has a market cap of $9.22 billion, a PE ratio of 3.47, a P/E/G ratio of 0.08 and a beta of 0.18. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $92.46.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share for the quarter, beating the consensus estimate of $11.12 by $1.66. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the business posted ($0.52) EPS. The company’s revenue was up 58.6% on a year-over-year basis. Research analysts predict that PBF Energy Inc. will post 24.77 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.3250 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from PBF Energy’s previous quarterly dividend of $0.2750. The ex-dividend date is Thursday, November 12th. PBF Energy’s payout ratio is presently 4.91%.

Analyst Ratings Changes

PBF has been the topic of a number of recent research reports. Freedom Broker raised shares of PBF Energy from a “sell” rating to a “hold” rating and lifted their price target for the company from $55.00 to $63.00 in a research report on Monday. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $99.00 target price on shares of PBF Energy in a research note on Monday, October 5th. Mizuho upped their price objective on shares of PBF Energy from $65.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Finally, Weiss Ratings upgraded shares of PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $70.50.

Institutional Trading of PBF Energy

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in PBF Energy by 7.7% during the third quarter. Parallel Advisors LLC now owns 3,284 shares of the oil and gas company’s stock worth $253,000 after purchasing an additional 234 shares during the period. Alps Advisors Inc. bought a new position in shares of PBF Energy in the third quarter valued at approximately $634,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PBF Energy in the third quarter worth $270,000. CenterBook Partners LP acquired a new stake in shares of PBF Energy in the third quarter worth $405,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of PBF Energy in the third quarter worth $366,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

About PBF Energy

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.