PBF Energy (NYSE:PBF) CAO Sells $67,544.01 in Stock

PBF Energy Inc. (NYSE:PBF) CAO Steven John Andriola sold 2,579 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $26.19, for a total transaction of $67,544.01. Following the transaction, the chief accounting officer directly owned 17,414 shares of the company’s stock, valued at approximately $456,072.66. This represents a 12.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven John Andriola also recently made the following trade(s):

• On Monday, November 3rd, Steven John Andriola sold 1,048 shares of PBF Energy stock. The shares were sold at an average price of $34.39, for a total value of $36,040.72.

PBF Energy Stock Performance

Shares of PBF stock traded down $0.23 during trading hours on Monday, reaching $26.13. 2,181,493 shares of the company’s stock were exchanged, compared to its average volume of 3,152,191. The business has a fifty day moving average price of $33.20 and a 200-day moving average price of $28.24. The stock has a market capitalization of $3.03 billion, a P/E ratio of -5.62 and a beta of 0.42. 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 fifty-two week low of $13.61 and a fifty-two week high of $41.47.

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

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, November 14th. PBF Energy’s payout ratio is -23.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America lifted their price objective on PBF Energy from $16.00 to $21.00 and gave the company an “underperform” rating in a report on Wednesday, September 3rd. Wall Street Zen raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Piper Sandler lifted their price target on shares of PBF Energy from $29.00 to $42.00 and gave the company an “underweight” rating in a report on Friday, November 14th. The Goldman Sachs Group lifted their target price on shares of PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $27.00 price objective on PBF Energy and gave the company an “underweight” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $29.38.

Hedge Funds Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBF. Northern Trust Corp raised its position in shares of PBF Energy by 0.8% in the 1st quarter. Northern Trust Corp now owns 1,390,455 shares of the oil and gas company’s stock valued at $26,544,000 after acquiring an additional 11,499 shares during the period. Quantbot Technologies LP bought a new position in shares of PBF Energy during the first quarter worth $513,000. Hsbc Holdings PLC grew its holdings in shares of PBF Energy by 31.4% in the 1st quarter. Hsbc Holdings PLC now owns 124,988 shares of the oil and gas company’s stock valued at $2,382,000 after buying an additional 29,868 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of PBF Energy in the 1st quarter valued at $35,000. Finally, AlphaQuest LLC acquired a new stake in PBF Energy during the 1st quarter worth $215,000. Institutional investors own 96.29% of the company’s stock.

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.