PBF Energy (NYSE:PBF) Insider Sells $34,024,375.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 687,500 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $49.49, for a total value of $34,024,375.00. Following the completion of the sale, the insider directly owned 21,445,398 shares of the company’s stock, valued at $1,061,332,747.02. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total value of $23,221,968.00.
• On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The shares were sold at an average price of $47.02, for a total value of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total value of $16,605,600.00.
• On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The stock was sold at an average price of $50.18, for a total value of $2,609,360.00.
• On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $44.43, for a total transaction of $26,658,000.00.
• On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The shares were sold at an average price of $44.29, for a total transaction of $2,179,068.00.
• On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $43.30, for a total transaction of $16,454,000.00.
• On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total transaction of $11,540,750.00.
• On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The shares were sold at an average price of $41.91, for a total transaction of $35,120,580.00.

PBF Energy Stock Performance

PBF Energy stock opened at $51.19 on Friday. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $51.80. 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 company has a market capitalization of $5.99 billion, a price-to-earnings ratio of -34.82, a price-to-earnings-growth ratio of 0.63 and a beta of 0.41. The firm’s fifty day moving average price is $38.27 and its 200 day moving average price is $33.85.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the prior year, the company posted ($2.82) EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a yield of 2.1%. PBF Energy’s dividend payout ratio is currently -74.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of PBF Energy by 197.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. Torren Management LLC bought a new position in PBF Energy during the fourth quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the fourth quarter worth $31,000. Deseret Mutual Benefit Administrators boosted its holdings in PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 440 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 912 shares during the period. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Tudor Pickering upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Wolfe Research cut 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. The Goldman Sachs Group lifted their price target on shares of PBF Energy from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PBF Energy has an average rating of “Reduce” and an average price target of $31.69.

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.