PBF Energy (NYSE:PBF) Stock: Insider Control Empresarial De Capital Sells 100,000 Shares

Key Points

• Insider selling: Control Empresarial De Capital sold 100,000 PBF Energy shares for $8.2 million, reducing its position by 0.73% to 13.6 million shares. The insider has made several other large sales in recent months.
• Strong stock and earnings performance: PBF shares rose 4.1% to $84.13, near their 52-week high, while quarterly EPS of $6.22 and revenue of $11.68 billion exceeded analyst expectations.
• Mixed analyst outlook: Analyst ratings range from strong sell to strong buy, but the consensus rating remains “Hold” with a $60.91 target price, well below the recent share price.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 100,000 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $82.00, for a total value of $8,200,000.00. Following the completion of the transaction, the insider directly owned 13,616,127 shares of the company's stock, valued at approximately $1,116,522,414. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 shares were sold at an average price of $74.79, for a total transaction 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 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.
• 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 Trading Up 4.1%

Shares of NYSE:PBF traded up $3.35 during mid-day trading on Monday, reaching $84.13. 3,274,218 shares of the company's stock were exchanged, compared to its average volume of 3,387,503. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.06 and a beta of 0.18. The business's fifty day moving average price is $71.91 and its 200-day moving average price is $54.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $85.08.

PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. PBF Energy's revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.03) earnings per share. On average, research analysts predict that PBF Energy Inc. will post 22.66 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. PBF Energy's payout ratio is 9.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Freedom Capital downgraded PBF Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings upgraded PBF Energy from a "sell (d-)" rating to a "buy (b-)" rating in a report on Tuesday, September 22nd. Morgan Stanley increased their target price 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. TD Cowen restated a "hold" rating on shares of PBF Energy in a report on Thursday. Finally, Zacks Research upgraded shares of PBF Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus target price of $60.91.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock worth $180,000 after buying an additional 242 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of PBF Energy by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company's stock valued at $326,000 after acquiring an additional 260 shares during the period. Janney Montgomery Scott LLC boosted its stake in PBF Energy by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company's stock worth $375,000 after acquiring an additional 383 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in PBF Energy by 3.2% during the first quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company's stock worth $682,000 after acquiring an additional 441 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in PBF Energy by 4.1% in the fourth quarter. Corient Private Wealth LLC now owns 12,309 shares of the oil and gas company's stock worth $334,000 after purchasing an additional 483 shares during the period. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

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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