PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 210,000 Shares of Stock

Key Points

• Control Empresarial De Capital sold 210,000 PBF Energy shares at an average price of $72.18, generating $15.16 million; it retained 14.4 million shares after the transaction. The insider has also made several additional sales since early July.
• PBF Energy shares recently traded near a 52-week high at $75.04, supported by strong quarterly results: adjusted earnings of $6.22 per share exceeded estimates, while revenue rose 56.2% year over year to $11.68 billion.
• The company declared a quarterly dividend of $0.275, equal to a $1.10 annualized payout and a 1.5% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $50.15 despite some bullish upgrades.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 210,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $72.18, for a total transaction of $15,157,800.00. Following the completion of the transaction, the insider owned 14,411,753 shares in the company, valued at $1,040,240,331.54. This trade represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 stock was 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 stock was 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.
• On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The shares were sold at an average price of $53.18, for a total transaction of $14,358,600.00.
• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total value of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total value of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value of $9,388,000.00.

PBF Energy Stock Performance

NYSE PBF traded up $3.19 on Monday, hitting $75.04. 2,944,438 shares of the company traded hands, compared to its average volume of 3,371,942. The business's 50 day moving average price is $54.37 and its 200-day moving average price is $45.46. PBF Energy Inc. has a 52-week low of $22.13 and a 52-week high of $75.68. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.08 and a beta of 0.10.

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, topping analysts' consensus estimates of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business had revenue of $11.68 billion during the quarter, compared to analysts' expectations of $9.61 billion. During the same quarter in the prior year, the business posted ($1.03) earnings per share. The business's quarterly revenue was up 56.2% on a year-over-year basis. Equities analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy's dividend payout ratio is currently 9.73%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PBF. UBS Group lifted their price target on shares of PBF Energy from $62.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. TD Cowen increased their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Freedom Capital downgraded shares of PBF Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Morgan Stanley upped their target price on shares of PBF Energy from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Friday, June 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $50.15.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently bought and sold shares of PBF. Wedge Capital Management L L P NC increased its holdings in shares of PBF Energy by 19.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company's stock worth $1,996,000 after buying an additional 7,107 shares during the last quarter. Parallel Advisors LLC grew its position in PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock worth $180,000 after acquiring an additional 242 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in PBF Energy during the first quarter worth approximately $212,000. Amundi bought a new stake in PBF Energy during the first quarter worth approximately $1,574,000. Finally, EverSource Wealth Advisors LLC raised its position in PBF Energy by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company's stock valued at $225,000 after purchasing an additional 931 shares during the period. Institutional investors own 96.29% of the company's stock.

About PBF Energy

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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