PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 303,200 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 303,200 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $35.62, for a total value of $10,799,984.00. Following the completion of the transaction, the insider owned 29,123,098 shares of the company’s stock, valued at $1,037,364,750.76. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The stock was sold at an average price of $34.66, for a total value of $5,448,552.00.
• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.
• 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 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total transaction of $1,192,450.00.
• 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 stock was sold at an average price of $32.91, for a total transaction of $296,190.00.
• On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total transaction 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 transaction 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 value of $1,615,500.00.

PBF Energy Trading Down 0.8%

Shares of PBF opened at $35.24 on Tuesday. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $41.47. The firm has a market capitalization of $4.08 billion, a P/E ratio of -7.58, a price-to-earnings-growth ratio of 6.28 and a beta of 0.50. 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 stock’s fifty day simple moving average is $30.70 and its 200 day simple moving average is $30.14.

Institutional Trading of PBF Energy

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after purchasing an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after purchasing an additional 1,454,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after purchasing an additional 1,159,628 shares in the last quarter. Norges Bank bought a new stake in PBF Energy in the second quarter valued at about $24,599,000. Finally, BNP Paribas Financial Markets increased its holdings in PBF Energy by 276.2% in the second quarter. BNP Paribas Financial Markets now owns 1,028,799 shares of the oil and gas company’s stock valued at $22,294,000 after buying an additional 755,310 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised their price objective on PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Wolfe Research lowered PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a research note on Monday, December 8th. 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 issued a $34.00 price target on shares of PBF Energy in a report on Monday, January 5th. Finally, Citigroup increased their price objective on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, PBF Energy currently has an average rating of “Reduce” and an average price target of $30.14.

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.