PBF Energy (NYSE:PBF) Insider Sells $269,841.62 in Stock

Key Points

• Control Empresarial De Capital sold 3,494 PBF Energy shares for $269,841.62 at an average price of $77.23, reducing its ownership by 0.02% while retaining approximately 14.18 million shares.
• PBF Energy shares rose 1.5% to $78.25, near their 12-month high of $82.61. The company also reported quarterly EPS of $6.22, exceeding estimates by $2.07, while revenue increased 56.2% year over year to $11.68 billion.
• The company maintains a quarterly dividend of $0.275 per share, or $1.10 annualized, yielding about 1.4%. Analysts’ consensus rating is Hold, with an average price target of $53.42.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 3,494 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $77.23, for a total value of $269,841.62. Following the sale, the insider directly owned 14,181,903 shares in the company, valued at $1,095,268,368.69. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The shares were sold at an average price of $77.78, for a total value of $24,561,057.28.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was 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 shares were sold at an average price of $74.28, for a total value 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 value 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 stock was sold at an average price of $68.68, for a total transaction 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.
• On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were 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.

PBF Energy Trading Up 1.5%

Shares of PBF Energy stock traded up $1.17 during trading on Friday, hitting $78.25. The stock had a trading volume of 2,960,792 shares, compared to its average volume of 2,479,828. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $82.61. 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's fifty day simple moving average is $66.93 and its 200-day simple moving average is $50.88. The stock has a market cap of $9.28 billion, a PE ratio of 6.92, a PEG ratio of 0.09 and a beta of 0.09.

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 EPS for the quarter, beating 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 company had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the firm posted ($1.03) EPS. The firm's revenue was up 56.2% compared to the same quarter last year. As a group, sell-side analysts expect that PBF Energy Inc. will post 15.74 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.4%. PBF Energy's dividend payout ratio is currently 9.73%.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in PBF Energy during the fourth quarter valued at about $31,000. Leonteq Securities AG acquired a new position in shares of PBF Energy during the first quarter worth $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of PBF Energy by 65.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 579 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of PBF Energy in the 4th quarter worth $57,000. Finally, Global Retirement Partners LLC boosted its position in shares of PBF Energy by 3,354.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company's stock worth $60,000 after purchasing an additional 2,147 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research raised PBF Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Evercore began coverage on PBF Energy in a research report on Friday, July 17th. They issued an "in-line" rating and a $58.00 price objective on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a research note on Friday, August 7th. Freedom Capital downgraded PBF Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Finally, Citigroup lifted their target price on PBF Energy from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $53.42.

About PBF Energy

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.

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