PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 150,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 150,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $80.60, for a total value of $12,090,000.00. Following the sale, the insider owned 13,716,127 shares in the company, valued at approximately $1,105,519,836.20. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28.
• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $77.02, for a total transaction of $7,702,000.00.
• On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total transaction of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total transaction of $472,123.68.
• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total transaction of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total value of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $63.96, for a total value of $14,071,200.00.

PBF Energy Stock Performance

PBF stock opened at $74.62 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $82.61. The company has a market cap of $8.85 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.08 and a beta of 0.09. The stock’s fifty day moving average price is $67.87 and its 200-day moving average price is $51.53.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The company had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.PBF Energy’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.03) earnings per share. On average, equities analysts forecast that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. PBF Energy’s dividend payout ratio (DPR) is presently 9.73%.

PBF Energy News Summary

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

• Positive Sentiment: PBF Holding priced $500 million of 0% exchangeable notes due 2032. The proceeds are intended to refinance existing debt and support the redemption of outstanding notes, potentially lowering near-term cash interest costs and extending maturities. PBF Energy Announces Pricing of $500 Million of 0% Exchangeable Notes due 2032
• Positive Sentiment: Zacks highlighted PBF’s growth characteristics, strong momentum and favorable style scores, reinforcing the bullish case among growth and momentum-focused investors. Is PBF Energy a Solid Growth Stock?
• Neutral Sentiment: The exchangeable notes carry no stated interest, which is favorable for financing costs, but their exchange feature could result in future share dilution if investors exchange the notes for PBF stock. PBF Energy Prices Exchangeable Notes to Refinance Debt
• Negative Sentiment: Morgan Stanley assigned PBF a Sell rating, adding analyst pressure after the stock’s strong run and signaling that the firm sees limited upside or elevated downside risk. PBF Energy Gets a Sell from Morgan Stanley
• Negative Sentiment: Control Empresarial de Capital sold 150,000 PBF shares for approximately $12.1 million, reducing its stake by 1.08%. Although the insider retains a substantial position, the sale may weigh on sentiment. PBF Energy Insider Sale SEC Filing

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of PBF Energy by 81.7% in the fourth quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after acquiring an additional 30,430 shares during the period. Goldman Sachs Group Inc. grew its position in shares of PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares in the last quarter. Engineers Gate Manager LP raised its stake in PBF Energy by 90.4% during the 2nd quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock valued at $2,887,000 after purchasing an additional 30,117 shares during the period. Brandywine Global Investment Management LLC raised its stake in PBF Energy by 351.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock valued at $7,200,000 after purchasing an additional 206,666 shares during the period. Finally, Jefferies Financial Group Inc. lifted its holdings in PBF Energy by 7,210.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company’s stock worth $17,037,000 after purchasing an additional 619,622 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent research reports. Mizuho increased their price target on shares of PBF Energy from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group boosted their price objective on shares of PBF Energy from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Evercore assumed coverage on PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price on the stock. Freedom Capital downgraded PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.55.

About PBF Energy

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.