PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 120,000 Shares of Company Stock

Key Points

• Insider sale: Control Empresarial De Capital sold 120,000 PBF Energy shares at an average price of $84.13, worth approximately $10.1 million, reducing its ownership by 0.88% to 13.5 million shares.
• Strong stock and earnings performance: PBF shares traded near their 52-week high at $83.49, while the company reported quarterly EPS of $6.22, beating estimates by $2.07, and revenue rose 56.2% year over year.
• Analyst outlook remains cautious: Despite recent price-target increases, analysts maintain an average “Hold” rating with a consensus target of $62.45, substantially below the recent share price.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 120,000 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $84.13, for a total value of $10,095,600.00. Following the completion of the sale, the insider owned 13,496,127 shares of the company's stock, valued at $1,135,429,164.51. This trade represents a 0.88% decrease in their ownership of the stock. The transaction 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 Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $82.00, for a total value of $8,200,000.00.
• On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.

PBF Energy Price Performance

Shares of PBF traded up $0.61 during mid-day trading on Wednesday, hitting $83.49. The company's stock had a trading volume of 2,237,541 shares, compared to its average volume of 3,375,328. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The firm has a 50-day moving average price of $72.78 and a 200 day moving average price of $55.20. PBF Energy Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $85.75. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.06 and a beta of 0.18.

PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating the consensus estimate of $4.15 by $2.07. The business had revenue of $11.68 billion during the quarter, compared to analyst estimates of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business's quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.03) earnings per share. On average, research analysts predict that PBF Energy Inc. will post 23.92 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.2750 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.3%. PBF Energy's dividend payout ratio (DPR) is currently 9.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore assumed coverage on PBF Energy in a report on Friday, July 17th. They set an "in-line" rating and a $58.00 target price for the company. Mizuho boosted their price objective on PBF Energy from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of PBF Energy from a "sell (d-)" rating to a "buy (b-)" rating in a research note on Tuesday, September 22nd. Citigroup upped their price objective on shares of PBF Energy from $74.00 to $91.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of PBF Energy in a report on Thursday, October 1st. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its stake in shares of PBF Energy by 90.4% during the 2nd quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company's stock worth $2,887,000 after purchasing an additional 30,117 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of PBF Energy by 81.7% during the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company's stock valued at $1,840,000 after buying an additional 30,430 shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in PBF Energy by 351.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company's stock worth $7,200,000 after buying an additional 206,666 shares during the last quarter. Fifth Third Bancorp raised its position in 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 valued at $1,529,000 after acquiring an additional 30,716 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in PBF Energy by 54.6% during 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. Institutional investors and hedge funds own 96.29% of the company's stock.

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.

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