Control Empresarial De Capital Sells 220,375 Shares of PBF Energy (NYSE:PBF) Stock

Key Points

• Control Empresarial De Capital sold 220,375 PBF Energy shares at an average price of $68.68, generating $15.1 million. The sale reduced its ownership by 1.47%, though it still held approximately 14.8 million shares worth about $1.01 billion.
• PBF Energy shares rose 5.8% to $74.42, near their 12-month high, after the company reported quarterly EPS of $6.22 versus the $4.15 consensus estimate and 56.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.275 per share, equivalent to a $1.10 annualized payout and a 1.5% yield. Despite some bullish analyst revisions, the overall consensus rating remains “Reduce,” with a $50.15 average price target.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 220,375 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00. Following the sale, the insider owned 14,771,753 shares in the company, valued at $1,014,523,996.04. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $70.13, for a total transaction of $10,519,500.00.
• 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 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 value 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 value of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00.

PBF Energy Stock Up 5.8%

NYSE:PBF traded up $4.08 during midday trading on Thursday, reaching $74.42. The company had a trading volume of 2,389,783 shares, compared to its average volume of 3,378,214. PBF Energy Inc. has a 12-month low of $22.08 and a 12-month high of $74.74. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.08 and a beta of 0.10. 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's fifty day simple moving average is $53.15 and its 200-day simple moving average is $44.89.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. The company had revenue of $11.68 billion for 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 revenue was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.03) EPS. On average, sell-side analysts anticipate that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy's dividend payout ratio is presently 9.73%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PBF shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a report on Friday, August 7th. TD Cowen raised their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. 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. Scotiabank boosted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Finally, Freedom Capital lowered PBF Energy from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $50.15.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of 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 during the last quarter. State Street Corp lifted its position in PBF Energy by 1.3% in the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company's stock valued at $131,661,000 after acquiring an additional 60,294 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PBF Energy by 11.6% in the first 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 acquiring an additional 454,731 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake 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 acquiring an additional 1,137,533 shares in the last quarter. Finally, Invesco Ltd. boosted its stake 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 acquiring an additional 1,651,516 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

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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