Control Empresarial De Capital Sells 480,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 480,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00. Following the completion of the sale, the insider owned 29,583,498 shares in the company, valued at approximately $1,037,493,274.86. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total value of $6,770,000.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total value of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total value of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total value of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total transaction of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Stock Performance

Shares of NYSE:PBF traded down $0.81 on Thursday, reaching $34.48. 2,297,774 shares of the company’s stock were exchanged, compared to its average volume of 3,716,094. The business’s 50-day moving average is $30.65 and its two-hundred day moving average is $29.87. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $41.47. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -7.42, a PEG ratio of 6.09 and a beta of 0.50.

Institutional Trading of PBF Energy

Hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in PBF Energy during the fourth quarter worth approximately $213,000. Mutual Advisors LLC increased its position in shares of PBF Energy by 43.4% during the 4th quarter. Mutual Advisors LLC now owns 44,931 shares of the oil and gas company’s stock valued at $1,219,000 after purchasing an additional 13,592 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of PBF Energy in the 4th quarter worth $1,485,000. Torren Management LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at $30,000. Finally, M&T Bank Corp lifted its holdings in shares of PBF Energy by 6.9% in the fourth quarter. M&T Bank Corp now owns 21,048 shares of the oil and gas company’s stock valued at $571,000 after buying an additional 1,351 shares during the period. Institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PBF shares. Wolfe Research downgraded PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a research note on Monday, December 8th. Weiss Ratings restated a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Scotiabank upped their price objective on PBF Energy from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Piper Sandler set a $41.00 target price on PBF Energy in a research note on Monday, January 12th. Finally, Zacks Research downgraded shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of “Reduce” and a consensus price target of $30.14.

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.