PBF Energy (NYSE:PBF) Insider Sells $8,200,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 100,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $82.00, for a total value of $8,200,000.00. Following the completion of the sale, the insider owned 13,616,127 shares of the company’s stock, valued at approximately $1,116,522,414. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $80.60, for a total value of $12,090,000.00.
• On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28.
• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total value of $269,841.62.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $77.02, for a total value of $7,702,000.00.
• On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total value of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total transaction of $472,123.68.
• 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 transaction 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 value of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were sold at an average price of $68.68, for a total value 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.

PBF Energy Stock Up 4.1%

NYSE:PBF traded up $3.35 on Monday, hitting $84.13. The stock had a trading volume of 3,274,218 shares, compared to its average volume of 3,387,503. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The stock has a market cap of $9.97 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $85.08. The firm’s fifty day simple moving average is $71.91 and its two-hundred day simple moving average is $54.66.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the firm earned ($1.03) EPS. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. Analysts predict that PBF Energy Inc. will post 22.66 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.2750 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is 9.73%.

Institutional Trading of PBF Energy

Several hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP lifted its holdings in PBF Energy by 90.4% during the second quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company’s stock valued at $2,887,000 after purchasing an additional 30,117 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in PBF Energy by 81.7% in the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company’s stock worth $1,840,000 after buying an additional 30,430 shares during the period. Goldman Sachs Group Inc. grew its stake in PBF Energy by 127.9% in 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 buying an additional 3,550,820 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in PBF Energy by 351.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company’s stock valued at $7,200,000 after acquiring an additional 206,666 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of PBF Energy by 2,197.1% during the first quarter. Fifth Third Bancorp now owns 32,114 shares of the oil and gas company’s stock worth $1,529,000 after acquiring an additional 30,716 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PBF. Mizuho upped their price objective on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. BMO Capital Markets reiterated a “market perform” rating on shares of PBF Energy in a research note on Thursday. Citigroup boosted their price target on shares of PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Morgan Stanley increased their price target on shares of PBF Energy from $38.00 to $76.00 and gave the company an “underweight” rating in a research report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, PBF Energy presently has an average rating of “Hold” and an average price target of $60.91.

About PBF Energy

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.