PBF Energy (NYSE:PBF) Stock: Insider Control Empresarial De Capital Sells 170,000 Shares

Key Points

• Insider selling: Control Empresarial De Capital sold 170,000 PBF Energy shares at an average of $88.03, generating nearly $15.0 million. The insider still held 13.33 million shares after the sale and has made several additional sales in recent months.
• Strong stock and earnings performance: PBF shares rose to $91.21, near their 52-week high of $91.53. The company reported quarterly EPS of $6.22, exceeding estimates by $2.07, while revenue increased 56.2% year over year to $11.68 billion.
• Analyst outlook remains cautious: Despite recent price-target increases, the stock carries a consensus “Hold” rating and an average price target of $65.55. PBF also declared a quarterly dividend of $0.275, equivalent to a 1.2% annualized yield.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 170,000 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $88.03, for a total transaction of $14,965,100.00. Following the sale, the insider owned 13,326,127 shares in the company, valued at $1,173,098,959.81. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was sold at an average price of $84.13, for a total value of $10,095,600.00.
• 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 transaction 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 transaction 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 transaction of $269,841.62.
• 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 transaction 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 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 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.

PBF Energy Price Performance

PBF stock traded up $6.19 during trading on Tuesday, reaching $91.21. 3,345,266 shares of the company were exchanged, compared to its average volume of 3,365,573. The company has a market cap of $10.81 billion, a P/E ratio of 8.07, a PEG ratio of 0.06 and a beta of 0.18. PBF Energy Inc. has a 52-week low of $25.62 and a 52-week high of $91.53. The stock's 50 day moving average price is $74.08 and its 200 day moving average price is $56.25. 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 (NYSE:PBF - Get Free Report) last released 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 business had revenue of $11.68 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the business earned ($1.03) earnings per share. The company's quarterly revenue was up 56.2% on a year-over-year basis. As a group, analysts predict that PBF Energy Inc. will post 24.69 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.2750 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.2%. PBF Energy's dividend payout ratio (DPR) is presently 9.73%.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in PBF Energy by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company's stock worth $207,953,000 after purchasing an additional 454,731 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 worth $153,452,000 after purchasing an additional 1,137,533 shares during the period. Sei Investments Co. raised its holdings in shares of PBF Energy by 41.4% during the first quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company's stock worth $17,367,000 after purchasing an additional 106,819 shares during the period. Empowered Funds LLC lifted its position in shares of PBF Energy by 198.0% in the 1st quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company's stock worth $16,944,000 after buying an additional 236,418 shares during the last quarter. Finally, Aventail Capital Group LP boosted its holdings in shares of PBF Energy by 27.7% in the 4th quarter. Aventail Capital Group LP now owns 255,742 shares of the oil and gas company's stock valued at $6,936,000 after buying an additional 55,417 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of recent research reports. TD Cowen restated a "hold" rating on shares of PBF Energy in a research note on Thursday, October 1st. BMO Capital Markets reiterated a "market perform" rating on shares of PBF Energy in a research note on Thursday, October 1st. Mizuho raised their target price on PBF Energy from $65.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, October 8th. The Goldman Sachs Group boosted their price target on PBF Energy from $81.00 to $91.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Weiss Ratings raised PBF Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.55.

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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