Paul Davis Sells 75,997 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) SVP Paul Davis sold 75,997 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.71, for a total transaction of $4,993,762.87. Following the transaction, the senior vice president directly owned 183,426 shares of the company’s stock, valued at $12,052,922.46. This represents a 29.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

PBF Energy Stock Performance

Shares of NYSE:PBF traded down $3.14 during midday trading on Wednesday, reaching $62.75. The company’s stock had a trading volume of 1,485,020 shares, compared to its average volume of 3,376,118. The firm has a market capitalization of $7.42 billion, a PE ratio of 5.56, a P/E/G ratio of 0.10 and a beta of 0.10. PBF Energy Inc. has a twelve month low of $21.46 and a twelve month high of $74.74. The stock has a fifty day moving average of $50.30 and a 200 day moving average of $43.46. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. The company had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.03) earnings per share. On average, equities analysts expect that PBF Energy Inc. will post 12.56 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.275 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. PBF Energy’s dividend payout ratio is presently 9.73%.

Key PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF’s latest quarterly results were significantly better than expected: earnings reached $6.22 per share versus the $4.15 consensus, while revenue rose 56.2% year over year to $11.68 billion. Analysts expect approximately $12.56 in full-year EPS, and positive estimate revisions are supporting the bullish case. Why PBF Energy Might Be Well Poised for a Surge
• Positive Sentiment: Zacks highlighted PBF for strong relative price momentum, positive earnings revisions and solid fundamentals. The company also declared its regular $0.275-per-share quarterly dividend, equivalent to $1.10 annually, with an ex-dividend date of August 14. 5 Stocks With Relative Price Strength Investors Should Buy
• Neutral Sentiment: Analyst views remain mixed. Recent price-target increases include UBS at $84 and TD Cowen at $68, but the broader consensus remains cautious, with many Hold or Sell ratings and targets below recent trading levels.
• Negative Sentiment: CEO Matthew Lucey sold 225,473 shares for approximately $16.2 million, reducing his position by 31.26%. Director Thomas Nimbley separately sold 468,139 shares worth about $32.6 million, cutting his ownership by 37.10%. PBF Energy CEO Insider Sale
• Negative Sentiment: Major shareholder Control Empresarial De Capital sold 490,000 shares for roughly $34.9 million. Although it retained nearly 15 million shares, the cluster of insider sales—following several earlier disposals—may signal profit-taking and is weighing on sentiment. PBF Energy Insider Selling

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a report on Monday, May 11th. Scotiabank lifted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Freedom Capital cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. The Goldman Sachs Group increased their price target on shares of PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Citigroup lifted their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $50.15.

Institutional Trading of PBF Energy

Several institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC lifted its position in shares of PBF Energy by 19.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock valued at $1,996,000 after buying an additional 7,107 shares in the last quarter. Parallel Advisors LLC increased its holdings in PBF Energy by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after acquiring an additional 242 shares in the last quarter. Bull Harbor Capital LLC acquired a new position in PBF Energy during the first quarter worth $212,000. Amundi acquired a new position in PBF Energy during the first quarter worth $1,574,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in PBF Energy by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 931 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.