Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $472,123.68 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 6,356 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $74.28, for a total value of $472,123.68. Following the sale, the insider directly owned 14,405,397 shares in the company, valued at approximately $1,070,032,889.16. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total value of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total transaction of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00.
• On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total transaction of $34,917,400.00.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $63.96, for a total transaction 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 transaction of $5,452,000.00.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was 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 shares were 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 shares were sold at an average price of $46.94, for a total transaction of $9,388,000.00.

PBF Energy Stock Performance

PBF traded up $3.19 on Monday, hitting $75.04. 2,944,438 shares of the company’s stock were exchanged, compared to its average volume of 3,371,942. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $54.37 and a two-hundred day moving average of $45.46. PBF Energy Inc. has a twelve month low of $22.13 and a twelve month high of $75.68. The firm has a market cap of $8.90 billion, a PE ratio of 6.64, a P/E/G ratio of 0.08 and a beta of 0.10.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 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 return on equity of 11.27% and a net margin of 3.94%.PBF Energy’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.03) earnings per share. On average, research analysts anticipate that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. PBF Energy’s dividend payout ratio (DPR) is 9.73%.

Wall Street Analyst Weigh In

PBF has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research note on Friday, August 7th. Evercore assumed coverage on PBF Energy in a research note on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price on the stock. Citigroup boosted their price target 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. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $50.15.

Institutional Trading of PBF Energy

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock worth $590,000 after acquiring an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of PBF Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 2,609 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock valued at $4,996,000 after purchasing an additional 12,289 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of PBF Energy by 261.0% during the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,354 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of PBF Energy during the second quarter valued at about $1,143,000. Institutional investors own 96.29% of the company’s stock.

Key PBF Energy News

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

• Positive Sentiment: PBF’s second-quarter performance showed a sharp turnaround, with adjusted earnings of $6.22 per share versus a $1.03 loss in the prior-year period. The Martinez refinery restart was completed in May, gross debt fell by more than $1 billion, and the company declared a $0.275 quarterly dividend. PBF Energy Gains as Investors Continue to Digest Strong Q2 Results and Favorable Refining Conditions
• Positive Sentiment: Favorable industry conditions are supporting the bullish case: gasoline prices above $4 per gallon and tight fuel markets can improve refining margins for independent refiners such as PBF. 4 Refining Stocks to Buy as Gas Prices Top $4 a Gallon
• Neutral Sentiment: PBF is also being highlighted as a potential long-term value stock, reflecting its low valuation relative to recent earnings performance. Why PBF Energy Is a Top Value Stock for the Long-Term
• Negative Sentiment: Several insiders sold a combined 603,645 shares for approximately $44 million, including sizable sales by CEO Matthew Lucey, Director Thomas Nimbley, SVP Trecia Canty, and Control Empresarial de Capital. The control shareholder still owns roughly 14.4 million shares, but the concentration of sales may concern investors. PBF Energy Insider Sale Filing
• Negative Sentiment: Recent analyst targets have a median of $41, well below the stock’s recent level near its 52-week high, suggesting some analysts remain cautious about the durability of refining margins and PBF’s earnings cycle. PBF Energy Market Analysis

About PBF Energy

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.