PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 60,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 60,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $33.46, for a total transaction of $2,007,600.00. Following the sale, the insider owned 30,263,498 shares of the company’s stock, valued at approximately $1,012,616,643.08. This represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The stock was sold at an average price of $34.07, for a total value of $1,192,450.00.
• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total value 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 stock was sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $32.45 on Tuesday. The firm has a 50 day moving average of $30.62 and a 200 day moving average of $29.76. The company has a current ratio of 1.38, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -6.98, a price-to-earnings-growth ratio of 5.91 and a beta of 0.50. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47.

Analyst Ratings Changes

PBF has been the subject of several recent research reports. Scotiabank boosted their price target on PBF Energy from $25.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. TD Cowen reaffirmed a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. Wall Street Zen upgraded PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group raised their target price on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $30.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC raised its position in shares of PBF Energy by 3.0% during the third quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 276 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in PBF Energy by 2.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock valued at $478,000 after acquiring an additional 348 shares during the last quarter. Arizona State Retirement System lifted its stake in PBF Energy by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock worth $774,000 after purchasing an additional 353 shares in the last quarter. Next Level Private LLC lifted its stake in PBF Energy by 0.6% in the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock worth $1,808,000 after purchasing an additional 378 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of PBF Energy by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock valued at $863,000 after purchasing an additional 432 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

About PBF Energy

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.