Control Empresarial De Capital Sells 70,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $47.10, for a total value of $3,297,000.00. Following the completion of the sale, the insider directly owned 19,253,698 shares in the company, valued at approximately $906,849,175.80. This trade represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total value of $6,003,400.00.
• 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 Stock Down 5.4%

Shares of PBF Energy stock opened at $40.69 on Friday. The business’s fifty day moving average price is $40.66 and its two-hundred day moving average price is $34.86. 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 $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 1-year low of $14.35 and a 1-year high of $52.18.

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

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s payout ratio is currently -74.83%.

PBF Energy News Summary

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 analysts have recently commented on PBF shares. Scotiabank raised PBF Energy to a “hold” rating in a research note on Friday, March 27th. BMO Capital Markets boosted their price objective on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Wall Street Zen raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Piper Sandler boosted their price objective on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Citigroup boosted their price objective on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $32.92.

Hedge Funds Weigh In On PBF Energy

A number of hedge funds have recently modified their holdings of PBF. Goldman Sachs Group Inc. grew its holdings in shares of PBF Energy by 127.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after acquiring an additional 3,550,820 shares during the last quarter. Invesco Ltd. grew its holdings 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 acquiring an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of PBF Energy by 230.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after acquiring an additional 1,454,500 shares during the last quarter. Norges Bank acquired a new position in shares of PBF Energy in the 4th quarter worth $34,243,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of PBF Energy by 2,198.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after acquiring an additional 1,159,628 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.