Control Empresarial De Capital Sells 130,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 130,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $46.18, for a total value of $6,003,400.00. Following the completion of the sale, the insider owned 19,323,698 shares of the company’s stock, valued at $892,368,373.64. The trade was a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The shares were sold at an average price of $47.10, for a total value of $3,297,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $50.52, for a total value of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total value of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $50.74, for a total value of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The shares were sold at an average price of $51.14, for a total value of $4,346,900.00.
• 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 Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The shares were sold at an average price of $49.49, for a total value of $34,024,375.00.
• 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 shares were 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 shares were sold at an average price of $50.18, for a total value of $2,609,360.00.

PBF Energy Price Performance

PBF opened at $40.69 on Friday. The stock has a fifty day moving average of $40.66 and a 200-day moving average of $34.86. The firm has a market capitalization of $4.76 billion, a P/E ratio of -27.68, a PEG ratio of 0.35 and a beta of 0.25. PBF Energy Inc. has a 12-month low of $14.35 and a 12-month high of $52.18. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

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

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid 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 dividend yield of 2.7%. PBF Energy’s dividend payout ratio is -74.83%.

Trending Headlines about PBF Energy

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Analyst target increase — At least one firm raised PBF’s price target by ~16.3% to $42.93, signaling some analyst optimism about the shares and providing a technical/valuation boost. PBF Energy (PBF) price target increased by 16.33% to 42.93
• Neutral Sentiment: Recent results mixed — PBF beat EPS estimates for its last quarter (reported Feb. 12) but showed weak margins and negative ROE, with analysts still forecasting negative full‑year EPS. That makes fundamentals a mixed/uncertain support for the stock in the near term.
• Negative Sentiment: Market shock from oil — A sharp decline in oil prices drove broad weakness in energy/refining names and is cited as the immediate market reason PBF fell sharply today. Refiners can be sensitive to crude swings and market sentiment. PBF Energy (PBF) Loses 6.8% as Oil Prices Nosedive
• Negative Sentiment: Large, ongoing insider selling — Control Empresarial De Capital has been selling sizable blocks of PBF shares in late March and early April (multiple transactions totaling many millions), including a recent sale of 70,000 shares at about $47.10. Heavy insider disposition can sap investor confidence and add selling pressure. PBF Energy (NYSE:PBF) Insider Sells $3,297,000.00 in Stock
• Negative Sentiment: Street sentiment weak — The consensus analyst stance is negative (“Reduce”), and several firms maintain Hold/Reduce views with an average target below recent trading levels, which can limit upside until fundamentals or commodity trends change. PBF Energy Inc. (NYSE:PBF) Given Consensus Rating of “Reduce” by Analysts

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PBF. Wall Street Zen raised shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. The Goldman Sachs Group upped 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. Scotiabank raised shares of PBF Energy to a “hold” rating in a research note on Friday, March 27th. Finally, Mizuho upped their price target on shares of PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, PBF Energy has an average rating of “Reduce” and a consensus target price of $32.92.

Hedge Funds Weigh In On PBF Energy

Several hedge funds have recently bought and sold shares of PBF. Goldman Sachs Group Inc. increased its position in PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after buying an additional 3,550,820 shares during the last quarter. Invesco Ltd. increased its position in PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC increased its position in 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 buying an additional 1,454,500 shares during the last quarter. Norges Bank acquired a new position in PBF Energy during the fourth quarter worth $34,243,000. Finally, Arrowstreet Capital Limited Partnership increased its position in PBF Energy by 2,198.8% during 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 buying an additional 1,159,628 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.