Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 200,000 Shares of Stock

Key Points

• Control Empresarial De Capital sold 200,000 PBF shares on May 4 at $44.87 for about $8.97M and still owns 18,688,698 shares; the holder has sold nearly 3 million shares across March–May, totaling roughly $144M.
• PBF shares recently traded at $41.63; the company has a $4.87B market cap, a P/E of 11.22, and reported a quarterly EPS miss (‑$0.88 vs. ‑$0.79) while beating revenue estimates, and declared a $0.275 quarterly dividend (2.6% yield, ex‑dividend May 14).
• Analysts’ consensus rating is a Reduce with a $35.92 target price, based on 2 Buy, 8 Hold and 5 Sell ratings.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $44.87, for a total value of $8,974,000.00. Following the sale, the insider directly owned 18,688,698 shares of the company's stock, valued at $838,561,879.26. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total value of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The shares were sold at an average price of $43.50, for a total value of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The shares were sold at an average price of $47.10, for a total value of $3,297,000.00.
• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total value of $6,003,400.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $50.52, for a total value of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total value of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $50.74, for a total value of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The shares were sold at an average price of $51.14, for a total value of $4,346,900.00.
• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total value of $23,221,968.00.

PBF Energy Stock Performance

NYSE PBF traded down $4.56 on Wednesday, hitting $41.63. 3,958,089 shares of the stock traded hands, compared to its average volume of 3,715,031. The business's fifty day moving average is $42.79 and its two-hundred day moving average is $36.12. PBF Energy Inc. has a 12 month low of $17.53 and a 12 month high of $52.18. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.19 and a beta of 0.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period last year, the company posted ($3.53) earnings per share. PBF Energy's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that PBF Energy Inc. will post 6.08 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, May 14th. PBF Energy's dividend payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Mizuho raised their price target on PBF Energy from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. Citigroup raised their price target on PBF Energy from $36.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Zacks Research raised PBF Energy from a "strong sell" rating to a "hold" rating in a report on Thursday, February 19th. Scotiabank raised their price target on PBF Energy from $28.00 to $34.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered PBF Energy from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $35.92.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in PBF Energy by 361.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 189,148 shares of the oil and gas company's stock valued at $8,718,000 after buying an additional 148,124 shares during the period. Hillsdale Investment Management Inc. bought a new stake in PBF Energy during the first quarter valued at $8,527,000. Archer Investment Corp bought a new stake in PBF Energy during the first quarter valued at $231,000. State of Michigan Retirement System boosted its stake in PBF Energy by 3.1% during the first quarter. State of Michigan Retirement System now owns 20,000 shares of the oil and gas company's stock valued at $952,000 after buying an additional 600 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in PBF Energy by 4.7% during the first quarter. Principal Financial Group Inc. now owns 186,598 shares of the oil and gas company's stock valued at $8,886,000 after buying an additional 8,361 shares during the period. Institutional investors 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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