PBF Energy (NYSE:PBF) Insider Sells $4,346,900.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 85,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $51.14, for a total transaction of $4,346,900.00. Following the completion of the transaction, the insider owned 19,653,698 shares of the company’s stock, valued at approximately $1,005,090,115.72. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total value of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total transaction of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $50.74, for a total transaction of $10,148,000.00.
• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total transaction of $23,221,968.00.
• 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 transaction 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 shares were 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 value of $2,609,360.00.
• On Wednesday, March 18th, Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock. The stock was sold at an average price of $46.21, for a total value of $50,831,000.00.
• On Tuesday, March 17th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $44.43, for a total value of $26,658,000.00.

PBF Energy Stock Performance

Shares of PBF Energy stock traded up $0.24 during trading hours on Thursday, hitting $46.33. 537,319 shares of the company were exchanged, compared to its average volume of 3,816,074. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $39.28 and a 200-day moving average of $34.29. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $52.18. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of -31.65, a P/E/G ratio of 0.59 and a beta of 0.24.

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

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.275 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.10 dividend on an annualized basis and a yield of 2.4%. PBF Energy’s dividend payout ratio (DPR) is presently -74.83%.

Analyst Upgrades and Downgrades

PBF has been the topic of several recent analyst reports. Mizuho boosted their target price on PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Piper Sandler lifted their price target on PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Finally, Zacks Research raised PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $31.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of PBF Energy by 197.7% during the 3rd 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 purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators boosted its position in 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 worth $35,000 after acquiring an additional 440 shares during the last quarter. Finally, 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 acquiring an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.