Control Empresarial De Capital Sells 130,000 Shares of PBF Energy (NYSE:PBF) Stock

Key Points

• Control Empresarial De Capital sold 130,000 PBF shares on April 6 at $46.18 for $6.00M and, as part of a broader March–April selling spree, has disposed of about 3.74M shares for roughly $185M, leaving it with 19,323,698 shares valued at ~$892M.
• PBF traded down to $42.90 (market cap ~$5.02B); the company beat EPS estimates ($0.49 vs. -$0.15) but still shows a negative net margin and ROE, and analysts' consensus rating is an average "Reduce" with a $32.92 price target.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 130,000 shares of the firm's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $46.18, for a total transaction of $6,003,400.00. Following the transaction, the insider directly owned 19,323,698 shares in the company, valued at $892,368,373.64. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total transaction of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total transaction of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $50.74, for a total transaction of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The stock was sold at an average price of $51.14, for a total transaction of $4,346,900.00.
• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The stock was sold at an average price of $49.44, for a total transaction of $23,221,968.00.
• On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was sold at an average price of $49.49, for a total transaction of $34,024,375.00.
• On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total transaction of $22,193,440.00.
• On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total transaction of $16,605,600.00.
• On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The shares were sold at an average price of $50.18, for a total transaction of $2,609,360.00.

PBF Energy Stock Performance

Shares of NYSE:PBF traded down $3.28 during midday trading on Wednesday, hitting $42.90. The stock had a trading volume of 4,972,243 shares, compared to its average volume of 3,830,089. The company has a market capitalization of $5.02 billion, a PE ratio of -29.18, a P/E/G ratio of 0.56 and a beta of 0.25. The stock has a 50 day moving average price of $40.31 and a two-hundred day moving average price of $34.77. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. PBF Energy Inc. has a 1 year low of $13.82 and a 1 year high of $52.18.

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.64. The business had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.82) earnings per share. As a group, equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. PBF Energy's payout ratio is presently -74.83%.

Institutional Trading of PBF Energy

Several hedge funds and other institutional investors have recently made changes to their positions in PBF. Goldman Sachs Group Inc. lifted its stake in shares of PBF Energy by 127.9% in the fourth 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 purchasing an additional 3,550,820 shares during the period. Invesco Ltd. lifted its stake in shares of 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. AQR Capital Management LLC lifted its stake in shares of PBF Energy by 230.7% in the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company's stock valued at $45,183,000 after purchasing an additional 1,454,500 shares during the period. Norges Bank acquired a new stake in shares of PBF Energy in the fourth quarter valued at about $34,243,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company's stock valued at $36,577,000 after purchasing an additional 1,159,628 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PBF. Scotiabank raised shares of PBF Energy to a "hold" rating in a report on Friday, March 27th. BMO Capital Markets lifted their target price on shares of PBF Energy from $43.00 to $50.00 and gave the company a "market perform" rating in a report on Thursday, April 2nd. Zacks Research raised shares of PBF Energy from a "strong sell" rating to a "hold" rating in a report on Thursday, February 19th. Tudor Pickering upgraded shares of PBF Energy from a "strong sell" rating to a "hold" rating in a research note on Friday, February 13th. Finally, Citigroup raised their price objective on shares of PBF Energy from $29.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $32.92.

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.

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