Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $34,917,400.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 490,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $71.26, for a total value of $34,917,400.00. Following the completion of the sale, the insider directly owned 14,992,128 shares in the company, valued at approximately $1,068,339,041.28. The trade was a 3.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total value of $14,071,200.00.
  • On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $54.52, for a total value of $5,452,000.00.
  • On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total transaction of $14,358,600.00.
  • On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
  • On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
  • On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00.
  • On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The shares were sold at an average price of $46.65, for a total transaction of $13,062,000.00.
  • On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total transaction of $26,425,200.00.
  • On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $42.79, for a total transaction of $8,558,000.00.
  • On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value of $8,635,995.70.

PBF Energy Price Performance

PBF stock opened at $61.08 on Thursday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.09 and a beta of 0.10. 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 Inc. has a 52-week low of $21.46 and a 52-week high of $74.74. The stock’s fifty day simple moving average is $50.75 and its 200-day simple moving average is $43.67.

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

PBF Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Morgan Stanley lifted their price target on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. Evercore started coverage on shares of PBF Energy in a research note on Friday, July 17th. They set an “in-line” rating and a $58.00 price objective for the company. Citigroup upped their price objective on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Scotiabank lifted their target price on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, PBF Energy currently has a consensus rating of “Reduce” and an average target price of $50.15.

View Our Latest Stock Report on PBF Energy

Institutional Investors Weigh In On PBF Energy

Several large investors have recently made changes to their positions in PBF. Goldman Sachs Group Inc. lifted its holdings in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after acquiring an additional 3,550,820 shares in the last quarter. State Street Corp boosted its position in PBF Energy by 1.3% during the 4th quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after purchasing an additional 60,294 shares during the period. Dimensional Fund Advisors LP increased its holdings in PBF Energy by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after purchasing an additional 454,731 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in PBF Energy by 54.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock valued at $153,452,000 after purchasing an additional 1,137,533 shares during the period. Finally, Invesco Ltd. raised its position in PBF Energy by 147.4% in the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock valued at $83,639,000 after purchasing an additional 1,651,516 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

More PBF Energy News

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

  • Positive Sentiment: PBF Energy’s latest quarterly results materially exceeded expectations. Earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue reached $11.68 billion, a 56.2% year-over-year increase. The results support upward earnings revisions and reflect strong refining profitability. PBF Energy earnings analysis
  • Positive Sentiment: Zacks highlighted PBF as a stock with strong relative price strength, positive estimate revisions and solid fundamentals. Its low valuation—recently about 5 to 6 times earnings—could attract value-focused investors. Stocks with relative price strength
  • Positive Sentiment: The company declared its regular quarterly dividend of $0.275 per share, payable August 28 to shareholders of record August 14. The annualized dividend is $1.10, with a relatively low payout ratio of 9.73%. Analyst actions have also included higher targets, including UBS’s $84 objective and a reported $74 target. PBF Energy price target and dividend
  • Neutral Sentiment: Analyst opinion remains divided. Some firms have raised price targets or upgraded the shares, but the broader consensus is still cautious, with multiple Hold and Sell ratings and consensus targets below recent trading levels.
  • Negative Sentiment: Insiders disclosed a cluster of large sales following PBF’s rally. CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, SVP Paul T. Davis sold 75,997 shares for about $5.0 million, SVP James E. Fedena sold 24,756 shares for roughly $1.8 million, and director Thomas J. Nimbley sold 468,139 shares for approximately $32.6 million. Control Empresarial De Capital separately sold 490,000 shares for about $34.9 million. Although several sellers retain sizable stakes, the scale and timing of the transactions may be pressuring sentiment. PBF Energy insider selling

About PBF Energy

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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