Control Empresarial De Capital Sells 9,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 9,000 shares of PBF Energy stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $32.91, for a total transaction of $296,190.00. Following the sale, the insider directly owned 30,398,498 shares of the company’s stock, valued at approximately $1,000,414,569.18. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total value of $1,351,600.00.
• 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 value of $8,624,200.00.
• On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total value 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 Up 1.2%

NYSE:PBF opened at $33.39 on Friday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The stock has a market cap of $3.87 billion, a P/E ratio of -7.18, a P/E/G ratio of 2.14 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. The stock has a 50-day simple moving average of $31.06 and a 200-day simple moving average of $29.48.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.17. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The firm’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.50) earnings per share. As a group, analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, November 14th. PBF Energy’s payout ratio is currently -23.66%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBF shares. Weiss Ratings reissued a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Zacks Research downgraded PBF Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. UBS Group upped their target price on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price target on PBF Energy from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Piper Sandler set a $41.00 price objective on PBF Energy in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $30.14.

PBF Energy News Roundup

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

• Neutral Sentiment: The company was the subject of a valuation/market-momentum piece that reviews PBF after recent share-price gains; that coverage can attract traders assessing upside vs. risk. Assessing PBF Energy (PBF) Valuation After Recent Share Price Momentum
• Negative Sentiment: An insider (Control Empresarial De Capital) disclosed a sale of 40,000 PBF shares on Jan. 22 at an average price of $33.79 (~$1.35M). While the seller still holds a very large stake, insider sales are typically viewed as a negative signal for investor sentiment. Insider Form 4 — 40,000 shares sold
• Negative Sentiment: The same insider also sold 9,000 shares on Jan. 21 at an average price of $32.91 (~$296k). Repeated small sales over consecutive days reinforces the near-term selling signal, even though the holder’s remaining position remains large. Insider Form 4 — 9,000 shares sold
• Negative Sentiment: Analyst sentiment is weak: MarketBeat’s aggregation shows a consensus rating of “Reduce” (majority sell/hold, few buys), which can cap upside until guidance or fundamentals shift. PBF Receives Consensus Rating of “Reduce”
• Negative Sentiment: Zacks downgraded PBF from “Hold” to “Strong Sell,” a more aggressive negative stance that may prompt income/quant funds to reduce exposure and weighs on investor confidence. Zacks downgrade to Strong Sell

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PBF Energy by 114.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,491 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,331 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in PBF Energy by 2.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 37,400 shares of the oil and gas company’s stock valued at $1,014,000 after buying an additional 720 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in PBF Energy by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,306 shares of the oil and gas company’s stock valued at $1,098,000 after buying an additional 511 shares during the period. Next Level Private LLC raised its position in PBF Energy by 0.6% during the 4th quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company’s stock worth $1,808,000 after buying an additional 378 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of PBF Energy in the 4th quarter worth $842,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.