PBF Energy (NYSE:PBF) CAO Steven John Andriola Sells 2,579 Shares

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,579 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $26.19, for a total transaction of $67,544.01. Following the sale, the chief accounting officer directly owned 17,414 shares of the company’s stock, valued at approximately $456,072.66. This represents a 12.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Steven John Andriola also recently made the following trade(s):

• On Monday, November 3rd, Steven John Andriola sold 1,048 shares of PBF Energy stock. The stock was sold at an average price of $34.39, for a total transaction of $36,040.72.

PBF Energy Stock Performance

Shares of PBF stock opened at $26.13 on Tuesday. The company has a market cap of $3.03 billion, a P/E ratio of -5.62 and a beta of 0.42. The business has a 50 day moving average of $33.14 and a two-hundred day moving average of $28.29. PBF Energy Inc. has a 52 week low of $13.61 and a 52 week high of $41.47. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.17. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The business had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the prior year, the firm earned ($1.50) EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 4.2%. PBF Energy’s payout ratio is -23.66%.

Institutional Trading of PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in shares of PBF Energy during the third quarter valued at approximately $270,000. Advisory Services Network LLC bought a new position in PBF Energy during the 3rd quarter valued at $92,000. PDT Partners LLC acquired a new position in shares of PBF Energy during the 3rd quarter valued at $11,605,000. Dark Forest Capital Management LP increased its position in shares of PBF Energy by 33.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 19,042 shares of the oil and gas company’s stock valued at $574,000 after purchasing an additional 4,803 shares during the period. Finally, PharVision Advisers LLC bought a new stake in shares of PBF Energy in the 3rd quarter worth $512,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent research reports. TD Cowen lifted their price objective on shares of PBF Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Friday, October 31st. Cowen restated a “sell” rating on shares of PBF Energy in a research note on Friday, October 31st. Morgan Stanley set a $27.00 price objective on PBF Energy and gave the stock an “underweight” rating in a research report on Friday, October 3rd. Tudor, Pickering, Holt & Co. lowered PBF Energy from a “hold” rating to a “sell” rating and set a $24.00 price objective for the company. in a report on Monday, September 15th. Finally, Tudor Pickering cut PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $29.38.

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.