Control Empresarial De Capital Sells 255,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Rating) insider Control Empresarial De Capital sold 255,000 shares of PBF Energy stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $34.31, for a total transaction of $8,749,050.00. Following the completion of the transaction, the insider now owns 14,032,183 shares in the company, valued at approximately $481,444,198.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Friday, May 20th, Control Empresarial De Capital sold 30,000 shares of PBF Energy stock. The stock was sold at an average price of $30.80, for a total transaction of $924,000.00.
  • On Wednesday, May 18th, Control Empresarial De Capital sold 15,000 shares of PBF Energy stock. The stock was sold at an average price of $31.09, for a total transaction 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 transaction 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 stock was sold at an average price of $31.22, for a total transaction 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 transaction 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 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.

Shares of NYSE PBF traded up $1.06 during trading on Thursday, reaching $35.48. The company had a trading volume of 4,269,616 shares, compared to its average volume of 3,446,809. PBF Energy Inc. has a 52 week low of $7.24 and a 52 week high of $35.66. The stock has a market cap of $4.29 billion, a PE ratio of 16.71 and a beta of 2.24. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.69 and a current ratio of 1.25. The business’s 50 day moving average price is $28.32 and its 200-day moving average price is $20.52.

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 for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. PBF Energy had a net margin of 0.80% and a return on equity of 2.56%. 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) earnings per share. The company’s revenue was up 85.6% on a year-over-year basis. Equities analysts anticipate that PBF Energy Inc. will post 6.3 earnings per share for the current year.

PBF has been the topic of several recent research reports. TheStreet upgraded shares of PBF Energy from a “d+” rating to a “c” rating in a research report on Thursday, February 10th. JPMorgan Chase & Co. upgraded 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 report on Tuesday, May 17th. Scotiabank upgraded shares of PBF Energy from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $15.00 to $27.00 in a research report on Monday, April 18th. Credit Suisse Group lifted their price target on shares of PBF Energy from $16.50 to $20.50 and gave the company an “underperform” rating in a report on Tuesday, March 22nd. Finally, Wells Fargo & Company raised shares of PBF Energy from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $20.00 to $30.00 in a report on Thursday, April 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus price target of $24.65.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of PBF Energy by 6.9% during the first quarter. Signaturefd LLC now owns 6,287 shares of the oil and gas company’s stock worth $153,000 after buying an additional 407 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of PBF Energy by 3.8% during the fourth quarter. NewEdge Advisors LLC now owns 18,035 shares of the oil and gas company’s stock worth $234,000 after buying an additional 662 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in shares of PBF Energy by 1.8% during the first quarter. Maryland State Retirement & Pension System now owns 38,093 shares of the oil and gas company’s stock worth $928,000 after buying an additional 689 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of PBF Energy by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 13,688 shares of the oil and gas company’s stock worth $334,000 after buying an additional 709 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of PBF Energy by 0.3% during the first quarter. Rhumbline Advisers now owns 308,096 shares of the oil and gas company’s stock worth $7,508,000 after buying an additional 784 shares during the last quarter. 69.95% of the stock is owned by institutional investors and hedge funds.

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

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