Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 220,000 Shares of Stock

Key Points

• Control Empresarial De Capital sold 220,000 PBF shares on May 5 at an average of $45.91 for $10.10M, and has executed a string of large disposals in recent weeks, reducing its stake to 18,468,698 shares (a 1.18% drop) as disclosed in an SEC Form 4.
• PBF shares traded at $41.63 after the company reported an EPS miss (‑$0.88 vs. ‑$0.79) but a revenue beat of $7.90B; the firm declared a quarterly dividend of $0.275 (2.6% yield) and carries a MarketBeat consensus rating of "Reduce" with a $35.92 target.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 220,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total value of $10,100,200.00. Following the completion of the sale, the insider directly owned 18,468,698 shares in the company, valued at $847,897,925.18. This represents a 1.18% decrease in their ownership of the stock. The sale 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 Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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

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

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

PBF Energy Dividend Announcement

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

Hedge Funds Weigh In On PBF Energy

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of PBF Energy during the 3rd quarter valued at about $10,207,000. First Eagle Investment Management LLC boosted its position in shares of PBF Energy by 7.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company's stock valued at $16,519,000 after purchasing an additional 40,129 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of PBF Energy by 1,232.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company's stock valued at $8,058,000 after purchasing an additional 247,039 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of PBF Energy in the 3rd quarter valued at $823,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of PBF Energy by 264.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company's stock valued at $2,922,000 after purchasing an additional 70,312 shares during the period. Institutional investors own 96.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PBF shares. The Goldman Sachs Group started coverage on PBF Energy in a report on Friday, April 10th. They set a "neutral" rating and a $49.00 price target on the stock. Mizuho raised their price target on PBF Energy from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Tudor Pickering raised PBF Energy from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. BMO Capital Markets raised their price target on PBF Energy from $43.00 to $50.00 and gave the company a "market perform" rating in a report on Thursday, April 2nd. Finally, Wall Street Zen lowered PBF Energy from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $35.92.

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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