PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 35,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 35,000 shares of PBF Energy stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $34.07, for a total value of $1,192,450.00. Following the transaction, the insider directly owned 30,323,498 shares of the company’s stock, valued at $1,033,121,576.86. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The stock was sold at an average price of $33.46, for a total transaction of $2,007,600.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total transaction of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total value of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The shares were sold at an average price of $33.73, for a total value of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Stock Performance

NYSE:PBF opened at $32.45 on Tuesday. PBF Energy Inc. has a 1-year low of $13.61 and a 1-year high of $41.47. The firm has a 50 day simple moving average of $30.62 and a 200-day simple moving average of $29.76. The firm has a market cap of $3.76 billion, a PE ratio of -6.98, a P/E/G ratio of 5.91 and a beta of 0.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently modified their holdings of PBF. Royal Bank of Canada boosted its holdings in PBF Energy by 63.6% in the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock worth $590,000 after acquiring an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of PBF Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 2,609 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PBF Energy by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock valued at $4,996,000 after purchasing an additional 12,289 shares in the last quarter. Acadian Asset Management LLC grew its holdings in PBF Energy by 261.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,354 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in PBF Energy by 25.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,609 shares of the oil and gas company’s stock worth $57,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PBF shares. Citigroup raised their target price on shares of PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. BMO Capital Markets restated a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a report on Monday, January 5th. UBS Group increased their target price on PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Piper Sandler set a $41.00 price target on PBF Energy in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $30.14.

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.