Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 469,700 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 469,700 shares of PBF Energy stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $49.44, for a total value of $23,221,968.00. Following the completion of the sale, the insider owned 20,975,698 shares in the company, valued at approximately $1,037,038,509.12. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 stock was 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 stock was 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 transaction of $2,609,360.00.
• On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $44.43, for a total transaction of $26,658,000.00.
• On Monday, March 16th, Control Empresarial De Capital sold 49,200 shares of PBF Energy stock. The stock was sold at an average price of $44.29, for a total transaction of $2,179,068.00.
• On Friday, March 13th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $43.30, for a total transaction of $16,454,000.00.
• On Thursday, March 12th, Control Empresarial De Capital sold 265,000 shares of PBF Energy stock. The shares were sold at an average price of $43.55, for a total transaction of $11,540,750.00.
• On Wednesday, March 11th, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock. The shares were sold at an average price of $41.91, for a total transaction of $35,120,580.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $51.19 on Friday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $51.80. The stock has a market capitalization of $5.99 billion, a P/E ratio of -34.82, a P/E/G ratio of 0.63 and a beta of 0.41. The company’s 50-day moving average is $38.27 and its 200 day moving average is $33.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.64. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. PBF Energy’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted ($2.82) earnings per share. On average, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently announced 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 2.1%. The ex-dividend date was Wednesday, February 25th. PBF Energy’s dividend payout ratio (DPR) is presently -74.83%.

Institutional Trading of PBF Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake 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 worth $27,000 after purchasing an additional 589 shares during the last quarter. Torren Management LLC bought a new position in shares of PBF Energy during the fourth quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of PBF Energy during the fourth quarter valued at $31,000. Deseret Mutual Benefit Administrators boosted its position in shares of PBF Energy by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in PBF Energy by 235.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after buying an additional 912 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

PBF has been the topic of several recent research reports. Tudor Pickering raised PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Wolfe Research lowered PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research report on Monday, December 8th. BMO Capital Markets restated a “market perform” rating and set a $34.00 target price on shares of PBF Energy in a report on Monday, January 5th. Zacks Research raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, PBF Energy currently has a consensus rating of “Reduce” and a consensus price target of $31.69.

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.