Control Empresarial De Capital Sells 200,000 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $33.85, for a total value of $6,770,000.00. Following the completion of the transaction, the insider owned 30,063,498 shares of the company’s stock, valued at $1,017,649,407.30. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00.
• On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were sold at an average price of $33.46, for a total transaction of $2,007,600.00.
• On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The stock was sold at an average price of $34.07, for a total transaction of $1,192,450.00.
• 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 transaction of $1,351,600.00.
• On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The stock was sold at an average price of $32.91, for a total value of $296,190.00.
• 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 shares were 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 Stock Up 3.0%

Shares of PBF Energy stock opened at $35.54 on Friday. The firm has a market cap of $4.12 billion, a PE ratio of -7.64, a P/E/G ratio of 6.10 and a beta of 0.50. The business’s 50 day simple moving average is $30.68 and its 200 day simple moving average is $29.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week high of $41.47.

Analyst Ratings Changes

PBF has been the topic of several recent research reports. Wall Street Zen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Piper Sandler set a $41.00 target price on PBF Energy in a research report on Monday, January 12th. TD Cowen reissued a “sell” rating on shares of PBF Energy in a research report on Friday, October 31st. BMO Capital Markets restated a “market perform” rating and issued a $34.00 price target on shares of PBF Energy in a research note on Monday, January 5th. Finally, Citigroup boosted their price target on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $30.14.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently bought and sold shares of PBF. Smartleaf Asset Management LLC lifted its position in shares of PBF Energy by 197.7% in the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. Torren Management LLC bought a new stake in PBF Energy in the 4th quarter valued at $30,000. Deseret Mutual Benefit Administrators lifted its holdings in PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 440 shares during the last quarter. Hantz Financial Services Inc. boosted its position in PBF Energy by 235.7% during 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. Finally, Quent Capital LLC acquired a new position in shares of PBF Energy in the third quarter valued at $41,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.