PBF Energy (NYSE:PBF) SVP Trecia Canty Sells 140,320 Shares

Key Points

• Insider sale: SVP Trecia Canty sold 140,320 PBF Energy shares for approximately $9.96 million, reducing her ownership by 42.25% to 191,779 shares.
• Strong quarterly performance: PBF reported adjusted earnings of $6.22 per share, exceeding estimates of $4.15, while revenue rose 56.2% year over year to $11.68 billion.
• Stock and outlook: Shares recently traded near $71.88, despite analysts’ average price target of $50.15 and a consensus “Reduce” rating. The company also declared a quarterly dividend of $0.275 per share, yielding about 1.5% annually.

PBF Energy Inc. (NYSE:PBF - Get Free Report) SVP Trecia Canty sold 140,320 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $71.00, for a total transaction of $9,962,720.00. Following the transaction, the senior vice president directly owned 191,779 shares in the company, valued at approximately $13,616,309. The trade was a 42.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

PBF Energy Stock Down 3.3%

PBF traded down $2.48 during trading hours on Friday, reaching $71.88. 2,829,812 shares of the stock traded hands, compared to its average volume of 3,374,701. PBF Energy Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $74.74. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.08 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The firm's fifty day simple moving average is $53.79 and its two-hundred day simple moving average is $45.18.

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 EPS for the quarter, topping analysts' consensus estimates of $4.15 by $2.07. The firm had revenue of $11.68 billion for the quarter, compared to analyst estimates of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm's revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.03) EPS. As a group, analysts forecast that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.5%. PBF Energy's dividend payout ratio is currently 9.73%.

Key Headlines Impacting PBF Energy

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
• Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
• Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
• Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of PBF Energy by 63.6% during the first quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company's stock worth $590,000 after purchasing an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PBF Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company's stock valued at $1,140,000 after buying an additional 2,609 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of PBF Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company's stock valued at $4,996,000 after buying an additional 12,289 shares during the period. Acadian Asset Management LLC grew its position in shares of PBF Energy by 261.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company's stock valued at $62,000 after buying an additional 2,354 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of PBF Energy during the 2nd quarter valued at about $1,143,000. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBF. Evercore initiated coverage on PBF Energy in a research report on Friday, July 17th. They issued an "in-line" rating and a $58.00 target price on the stock. Freedom Capital downgraded shares of PBF Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of PBF Energy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. UBS Group upped 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. Finally, Zacks Research upgraded shares of PBF Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $50.15.

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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