Control Empresarial De Capital Sells 205,570 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 205,570 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $42.01, for a total transaction of $8,635,995.70. Following the sale, the insider owned 17,912,128 shares of the company’s stock, valued at $752,488,497.28. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $8,558,000.00.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $43.17, for a total value 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 stock was sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total transaction of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The stock was sold at an average price of $43.50, for a total transaction of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total transaction of $6,003,400.00.

PBF Energy Stock Performance

Shares of NYSE:PBF opened at $45.44 on Wednesday. The company’s 50 day moving average price is $41.23 and its two-hundred day moving average price is $38.02. PBF Energy Inc. has a 12-month low of $21.24 and a 12-month high of $52.18. The firm has a market cap of $5.38 billion, a PE ratio of 12.25, a PEG ratio of 0.15 and a beta of 0.12. 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 announced its 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). The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($3.53) earnings per share. Equities research analysts predict that PBF Energy Inc. will post 7.69 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio is presently 29.65%.

Analyst Upgrades and Downgrades

PBF has been the topic of a number of recent analyst reports. Mizuho raised their price target on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. TD Cowen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating and increased their price objective for the stock from $36.00 to $39.00 in a research note on Monday. Zacks Research lowered shares of PBF Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Finally, Morgan Stanley increased their price target on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PBF Energy has an average rating of “Reduce” and a consensus target price of $36.69.

Trending Headlines about PBF Energy

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

• Positive Sentiment: Analysts are raising earnings estimates for PBF Energy, which suggests improving near-term upside potential and is likely helping the stock move higher. Surging Earnings Estimates Signal Upside for PBF Energy (PBF) Stock
• Positive Sentiment: PBF Energy has been one of the top-performing energy stocks over the past month, reflecting strong recent momentum in refiners and broader sector strength. PBF Energy is the top performing stock in the energy sector over the past month
• Neutral Sentiment: Recent commentary notes PBF Energy remains well-followed by institutions and analysts, but the overall Street view is still mixed, with a consensus rating near “Reduce,” so sentiment is not uniformly bullish.
• Negative Sentiment: Control Empresarial De Capital disclosed additional insider sales of 200,000 and 205,570 shares near the low-to-mid $42 range, which can weigh on investor sentiment by signaling that a major holder is trimming exposure. PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 200,000 Shares of Stock

Institutional Trading of PBF Energy

Hedge funds have recently made changes to their positions in the company. Leonteq Securities AG bought a new position in PBF Energy in the 1st quarter valued at approximately $33,000. Torren Management LLC acquired a new position in PBF Energy in the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in PBF Energy in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its stake in shares of PBF Energy by 65.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy during the fourth quarter worth $57,000. 96.29% of the stock is owned by institutional investors and hedge funds.

About PBF Energy

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.