Insider Selling: PBF Energy (NYSE:PBF) CEO Sells $10,463,754.00 in Stock

PBF Energy Inc. (NYSE:PBF) CEO Matthew Lucey sold 142,364 shares of PBF Energy stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $73.50, for a total transaction of $10,463,754.00. Following the transaction, the chief executive officer owned 495,771 shares of the company’s stock, valued at $36,439,168.50. This represents a 22.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PBF Energy Trading Down 1.7%

PBF opened at $73.92 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. PBF Energy Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $75.68. The firm has a market capitalization of $8.76 billion, a PE ratio of 6.54, a P/E/G ratio of 0.09 and a beta of 0.10. The company’s 50-day moving average is $56.34 and its 200 day moving average is $46.34.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating the consensus estimate of $4.15 by $2.07. The business had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.03) EPS. As a group, research analysts predict that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

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 paid 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 is 9.73%.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently made changes to their positions in the business. Archer Investment Corp bought a new stake in shares of PBF Energy during the 2nd quarter worth $347,000. Wedge Capital Management L L P NC boosted its holdings in shares of PBF Energy by 19.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock worth $1,996,000 after buying an additional 7,107 shares during the last quarter. Parallel Advisors LLC grew its position in PBF Energy by 6.8% during the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 242 shares during the period. Bull Harbor Capital LLC bought a new position in PBF Energy during the first quarter valued at about $212,000. Finally, Amundi purchased a new stake in PBF Energy during the first quarter worth about $1,574,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting PBF Energy

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

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81 while maintaining a neutral rating, indicating additional potential upside from recent levels. Goldman Sachs Price Target Update
• Positive Sentiment: The company continues to benefit from strong recent fundamentals. Second-quarter earnings significantly exceeded expectations, the Martinez refinery restart was completed, and gross debt declined by more than $1 billion. Tight fuel supplies and elevated gasoline prices could also support refining margins. PBF Energy Martinez Refinery Restart
• Neutral Sentiment: Analysts and quantitative screens continue to identify PBF Energy as a potential growth or value opportunity because of its low valuation and improving financial performance. However, the broader analyst consensus remains cautious, reflecting the cyclical nature of refining earnings. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas J. Nimbley sold 341,008 shares over August 17–19 for approximately $25.4 million, reducing his holdings by roughly 38% across the reported transactions. Control Empresarial de Capital also sold 120,000 shares for about $9.0 million and has made multiple recent sales. The scale and clustering of these transactions may signal profit-taking or raise concerns about insider confidence. PBF Energy Insider Sale Filings
• Negative Sentiment: PBF Energy’s rapid rally has brought valuation and margin sustainability into focus. Some analysts retain sell ratings, and the consensus price target remains well below the recent trading range, suggesting investors may be concerned that peak refining margins and earnings are not durable. PBF Energy Refining Margins and Valuation

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen upped their price target on PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Morgan Stanley raised their price objective on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. The Goldman Sachs Group lifted their price objective on shares of PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho upped their target price on shares of PBF Energy from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Evercore assumed coverage on shares of PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price for the company. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PBF Energy currently has an average rating of “Reduce” and a consensus price target of $50.92.

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.