PBF Energy (NYSE:PBF) Insider Sells $3,992,670.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 99,000 shares of PBF Energy stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $40.33, for a total transaction of $3,992,670.00. Following the completion of the sale, the insider owned 27,372,198 shares of the company’s stock, valued at $1,103,920,745.34. This represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 5th, Control Empresarial De Capital sold 205,000 shares of PBF Energy stock. The stock was sold at an average price of $46.57, for a total transaction of $9,546,850.00.
• On Wednesday, March 4th, Control Empresarial De Capital sold 903,100 shares of PBF Energy stock. The stock was sold at an average price of $42.62, for a total transaction of $38,490,122.00.
• On Monday, March 2nd, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $38.33, for a total transaction of $4,599,600.00.
• On Tuesday, February 24th, Control Empresarial De Capital sold 250,000 shares of PBF Energy stock. The shares were sold at an average price of $34.91, for a total value of $8,727,500.00.
• On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $36.79, for a total value of $110,370.00.
• On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The stock was sold at an average price of $35.38, for a total value of $15,921,000.00.
• On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The shares were sold at an average price of $34.50, for a total transaction of $48,300.00.
• On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The stock was sold at an average price of $35.26, for a total transaction of $8,056,910.00.
• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was sold at an average price of $35.62, for a total value of $10,799,984.00.
• 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 transaction of $5,448,552.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $43.22 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51. The firm has a 50-day moving average of $33.46 and a 200-day moving average of $31.83. PBF Energy Inc. has a one year low of $13.61 and a one year high of $47.18. The company has a market cap of $5.05 billion, a P/E ratio of -29.40, a P/E/G ratio of 6.12 and a beta of 0.41.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The business had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the previous year, the company earned ($2.82) earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. PBF Energy’s dividend payout ratio (DPR) is currently -74.83%.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in shares of PBF Energy by 81.7% during the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after purchasing an additional 30,430 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of PBF Energy by 15.6% during the 4th quarter. Pacer Advisors Inc. now owns 19,473 shares of the oil and gas company’s stock valued at $528,000 after buying an additional 2,635 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in PBF Energy by 4.1% in the 4th quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company’s stock worth $334,000 after buying an additional 483 shares during the period. Empowered Funds LLC boosted its holdings in PBF Energy by 7.3% in the 4th quarter. Empowered Funds LLC now owns 119,402 shares of the oil and gas company’s stock worth $3,238,000 after buying an additional 8,154 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in PBF Energy by 49.7% in the 4th quarter. Voloridge Investment Management LLC now owns 1,729,304 shares of the oil and gas company’s stock valued at $46,899,000 after buying an additional 574,001 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PBF shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Mizuho upgraded PBF Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $38.00 in a report on Friday, December 12th. BMO Capital Markets reissued a “market perform” rating and issued a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Piper Sandler upped their price objective on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $30.21.

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.