Control Empresarial De Capital Sells 30,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Rating) insider Control Empresarial De Capital sold 30,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $30.80, for a total transaction of $924,000.00. Following the completion of the transaction, the insider now directly owns 14,287,183 shares in the company, valued at approximately $440,045,236.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, May 18th, Control Empresarial De Capital sold 15,000 shares of PBF Energy stock. The shares were sold at an average price of $31.09, for a total value of $466,350.00.
  • On Monday, May 16th, Control Empresarial De Capital sold 177,000 shares of PBF Energy stock. The stock was sold at an average price of $31.56, for a total value of $5,586,120.00.
  • On Friday, May 13th, Control Empresarial De Capital sold 25,000 shares of PBF Energy stock. The stock was sold at an average price of $30.95, for a total transaction of $773,750.00.
  • On Friday, May 6th, Control Empresarial De Capital sold 203,000 shares of PBF Energy stock. The shares were sold at an average price of $31.22, for a total value of $6,337,660.00.
  • On Wednesday, May 4th, Control Empresarial De Capital sold 1,098,000 shares of PBF Energy stock. The stock was 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 stock was sold at an average price of $29.31, for a total value 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 stock was 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 traded down $0.37 on Monday, reaching $30.44. 1,745,938 shares of the company traded hands, compared to its average volume of 3,500,387. The stock has a market capitalization of $3.68 billion, a PE ratio of 14.96 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 company’s 50 day moving average is $26.57 and its 200-day moving average is $19.64. PBF Energy Inc. has a fifty-two week low of $7.24 and a fifty-two week high of $32.41.

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, topping 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 company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the firm earned ($2.61) earnings per share. PBF Energy’s revenue for the quarter was up 85.6% compared to the same quarter last year. As a group, analysts expect that PBF Energy Inc. will post 5.77 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of PBF Energy in the first quarter worth $48,000. Quadrant Capital Group LLC grew its stake in PBF Energy by 93.3% during 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 acquiring an additional 1,154 shares in the last quarter. Meeder Asset Management Inc. grew its stake in PBF Energy by 354.0% during the 1st quarter. Meeder Asset Management Inc. now owns 2,792 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,177 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy in the 1st quarter valued at about $76,000. Finally, US Bancorp DE lifted its position in shares of PBF Energy by 18.9% in the third quarter. US Bancorp DE now owns 6,018 shares of the oil and gas company’s stock worth $78,000 after purchasing an additional 956 shares in the last quarter. Institutional investors own 69.95% of the company’s stock.

A number of equities analysts recently issued reports on the company. TheStreet raised PBF Energy from a “d+” rating to a “c” rating in a report on Thursday, February 10th. Morgan Stanley raised their price target on PBF Energy from $20.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 18th. Credit Suisse Group upped their price objective 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. JPMorgan Chase & Co. raised shares of PBF Energy from an “underweight” rating to a “neutral” rating and set a $34.00 target price on the stock in a research note on Tuesday, May 17th. Finally, Zacks Investment Research upgraded shares of PBF Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Tuesday, March 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.65.

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.

Further Reading

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

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