Insider Selling: PBF Energy Inc. (NYSE:PBF) Insider Sells 203,000 Shares of Stock

PBF Energy Inc. (NYSE:PBFGet Rating) insider Control Empresarial De Capital sold 203,000 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $31.22, for a total value of $6,337,660.00. Following the transaction, the insider now owns 15,752,683 shares of the company’s stock, valued at $491,798,763.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, May 4th, Control Empresarial De Capital sold 1,098,000 shares of PBF Energy stock. The shares were sold at an average price of $31.55, for a total value of $34,641,900.00.
  • 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 value of $27,190,000.00.
  • On Friday, March 25th, Control Empresarial De Capital sold 1,000,000 shares of PBF Energy stock. The stock was sold at an average price of $25.64, for a total value of $25,640,000.00.
  • On Monday, March 21st, Control Empresarial De Capital sold 621,500 shares of PBF Energy stock. The stock was sold at an average price of $29.40, for a total value of $18,272,100.00.
  • On Saturday, March 19th, Control Empresarial De Capital sold 346,060 shares of PBF Energy stock. The stock was sold at an average price of $29.68, for a total transaction of $10,271,060.80.

Shares of PBF traded up $0.57 during trading hours on Tuesday, reaching $28.31. 188,109 shares of the company traded hands, compared to its average volume of 3,592,950. The stock has a market capitalization of $3.41 billion, a PE ratio of 13.86 and a beta of 2.25. The stock has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $18.68. PBF Energy Inc. has a fifty-two week low of $7.24 and a fifty-two week high of $32.41. The company has a quick ratio of 0.69, a current ratio of 1.25 and a debt-to-equity ratio of 1.71.

PBF Energy (NYSE:PBFGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The oil and gas company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.34. PBF Energy had a return on equity of 2.56% and a net margin of 0.80%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the firm posted ($2.61) EPS. PBF Energy’s revenue was up 85.6% on a year-over-year basis. Research analysts predict that PBF Energy Inc. will post 5.65 EPS for the current fiscal year.

Several analysts recently commented on the stock. TheStreet upgraded shares of PBF Energy from a “d+” rating to a “c” rating in a research report on Thursday, February 10th. Piper Sandler lifted their price objective on shares of PBF Energy from $21.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. The Goldman Sachs Group upped their price objective on shares of PBF Energy from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, April 22nd. Wells Fargo & Company upgraded shares of PBF Energy from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $20.00 to $30.00 in a research note on Thursday, April 21st. Finally, Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $15.00 to $25.00 in a research report on Tuesday, March 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its stake in PBF Energy by 354.0% in the 1st quarter. Meeder Asset Management Inc. now owns 2,792 shares of the oil and gas company’s stock worth $68,000 after buying an additional 2,177 shares during the last quarter. Burney Co. purchased a new position in shares of PBF Energy during the 1st quarter worth about $4,673,000. Bank of Nova Scotia acquired a new stake in shares of PBF Energy in the first quarter worth approximately $309,000. Swiss National Bank grew its holdings in PBF Energy by 7.4% in the first quarter. Swiss National Bank now owns 227,500 shares of the oil and gas company’s stock valued at $5,544,000 after purchasing an additional 15,700 shares during the period. Finally, IndexIQ Advisors LLC acquired a new position in PBF Energy during the first quarter worth approximately $448,000. 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.

Featured Stories

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.