PBF Energy Inc. (NYSE:PBF) Insider Sells $34,641,900.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Rating) insider Control Empresarial De Capital sold 1,098,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $31.55, for a total transaction of $34,641,900.00. Following the sale, the insider now directly owns 16,107,183 shares of the company’s stock, valued at $508,181,623.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, May 2nd, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The shares were sold at an average price of $29.31, for a total transaction of $13,189,500.00.
  • On Wednesday, April 27th, Control Empresarial De Capital sold 1,000,000 shares of PBF Energy stock. The shares were sold at an average price of $27.19, for a total transaction of $27,190,000.00.
  • On Friday, March 25th, Control Empresarial De Capital sold 1,000,000 shares of PBF Energy stock. The shares were sold at an average price of $25.64, for a total transaction of $25,640,000.00.
  • On Monday, March 21st, Control Empresarial De Capital sold 621,500 shares of PBF Energy stock. The shares were sold at an average price of $29.40, for a total transaction of $18,272,100.00.
  • On Saturday, March 19th, Control Empresarial De Capital sold 346,060 shares of PBF Energy stock. The shares were sold at an average price of $29.68, for a total transaction of $10,271,060.80.

Shares of NYSE:PBF opened at $31.17 on Friday. PBF Energy Inc. has a 1 year low of $7.24 and a 1 year high of $32.41. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.13 and a beta of 2.25. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.25 and a quick ratio of 0.69. The business’s 50 day moving average price is $24.81 and its 200-day moving average price is $18.55.

PBF Energy (NYSE:PBFGet Rating) last announced its earnings results on Thursday, April 28th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.34. PBF Energy had a return on equity of 2.56% and a net margin of 0.80%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same quarter last year, the firm posted ($2.61) EPS. The business’s revenue was up 85.6% on a year-over-year basis. On average, sell-side analysts expect that PBF Energy Inc. will post 5.65 earnings per share for the current year.

Several equities analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of PBF Energy from $21.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, April 18th. Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, March 29th. Wells Fargo & Company upgraded shares of PBF Energy from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $20.00 to $30.00 in a report on Thursday, April 21st. Credit Suisse Group increased their price target on shares of PBF Energy from $16.50 to $20.50 and gave the stock an “underperform” rating in a report on Tuesday, March 22nd. Finally, The Goldman Sachs Group increased their price target on shares of PBF Energy from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, April 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.29.

Several large investors have recently made changes to their positions in PBF. Quadrant Capital Group LLC lifted its holdings in PBF Energy by 93.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,391 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,154 shares in the last quarter. US Bancorp DE lifted its holdings in PBF Energy by 18.9% in the 3rd quarter. US Bancorp DE now owns 6,018 shares of the oil and gas company’s stock valued at $78,000 after purchasing an additional 956 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in PBF Energy by 242.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,370 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 5,220 shares in the last quarter. Franklin Resources Inc. purchased a new position in PBF Energy in the 3rd quarter valued at $132,000. Finally, Signaturefd LLC lifted its holdings in PBF Energy by 6.9% in the 1st quarter. Signaturefd LLC now owns 6,287 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.

About PBF Energy (Get Rating)

PBF Energy Inc, together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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