PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 157,200 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 157,200 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $34.66, for a total value of $5,448,552.00. Following the sale, the insider directly owned 29,426,298 shares of the company’s stock, valued at approximately $1,019,915,488.68. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were sold at an average price of $35.62, for a total value of $10,799,984.00.
• 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 value of $16,833,600.00.
• On Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total value of $6,770,000.00.
• 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 stock was 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 shares were sold at an average price of $32.91, for a total transaction 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 transaction 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 transaction of $3,575,380.00.
• On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total transaction of $1,615,500.00.

PBF Energy Price Performance

PBF opened at $35.24 on Tuesday. The firm has a market capitalization of $4.08 billion, a P/E ratio of -7.58, a PEG ratio of 6.28 and a beta of 0.50. The stock has a fifty day moving average of $30.70 and a 200-day moving average of $30.14. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47.

Hedge Funds Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBF. Merit Financial Group LLC grew its position in PBF Energy by 3.0% in the third quarter. Merit Financial Group LLC now owns 9,575 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 276 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of PBF Energy by 2.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,287 shares of the oil and gas company’s stock valued at $478,000 after purchasing an additional 348 shares during the last quarter. Arizona State Retirement System boosted its holdings in PBF Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 25,666 shares of the oil and gas company’s stock worth $774,000 after purchasing an additional 353 shares in the last quarter. Next Level Private LLC increased its position in PBF Energy by 0.6% during the fourth 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, Zurcher Kantonalbank Zurich Cantonalbank increased its position in PBF Energy by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company’s stock worth $863,000 after buying an additional 432 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

PBF has been the subject of a number of research reports. Citigroup raised their price objective on PBF Energy from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. UBS Group raised their price target on shares of PBF Energy from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wolfe Research downgraded shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research report on Monday, December 8th. Mizuho upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $38.00 in a research report on Friday, December 12th. Finally, The Goldman Sachs Group boosted their price target on shares of PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $30.14.

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.