Key Points
- Insider sale: CAO Steven John Andriola sold 2,579 shares on December 19 at an average price of $26.19 for proceeds of $67,544, reducing his stake by 12.9% to 17,414 shares (≈$456k).
- Company snapshot: PBF opened at $26.13, has a 12‑month range of $13.61–$41.47 and a market cap of $3.03 billion; last quarter EPS was ($0.52) (beating estimates) on $7.65 billion revenue, but the firm still shows a negative net margin and negative ROE with analysts forecasting about -$1.12 EPS for the year.
- Dividend and sentiment: PBF pays a quarterly $0.275 dividend (annualized $1.10, ~4.2% yield) while the stock carries an average analyst rating of "Reduce" and an average price target of $29.38.
PBF Energy Inc. (NYSE:PBF - Get Free Report) CAO Steven John Andriola sold 2,579 shares of the business's stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $26.19, for a total transaction of $67,544.01. Following the completion of the sale, the chief accounting officer owned 17,414 shares in the company, valued at approximately $456,072.66. This trade represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Steven John Andriola also recently made the following trade(s):
- On Monday, November 3rd, Steven John Andriola sold 1,048 shares of PBF Energy stock. The shares were sold at an average price of $34.39, for a total transaction of $36,040.72.
PBF Energy Stock Down 0.9%
NYSE PBF opened at $26.13 on Tuesday. PBF Energy Inc. has a 12 month low of $13.61 and a 12 month high of $41.47. The company has a market capitalization of $3.03 billion, a P/E ratio of -5.62 and a beta of 0.42. The company's 50 day simple moving average is $33.14 and its 200 day simple moving average is $28.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.17. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative net margin of 1.78% and a negative return on equity of 15.88%. The firm's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.50) earnings per share. Equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.
PBF Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, November 14th. PBF Energy's payout ratio is presently -23.66%.
Institutional Trading of PBF Energy
A number of hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC lifted its holdings in shares of PBF Energy by 27.3% during the 1st quarter. Intech Investment Management LLC now owns 119,365 shares of the oil and gas company's stock valued at $2,279,000 after purchasing an additional 25,616 shares in the last quarter. Nomura Holdings Inc. bought a new position in PBF Energy in the second quarter valued at $5,843,000. VR Advisory Services Ltd increased its position in shares of PBF Energy by 241.9% in the first quarter. VR Advisory Services Ltd now owns 170,945 shares of the oil and gas company's stock valued at $3,263,000 after acquiring an additional 120,945 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of PBF Energy during the 2nd quarter worth approximately $448,000. Finally, Ieq Capital LLC bought a new stake in PBF Energy during the first quarter worth $192,000. 96.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on PBF. Mizuho upgraded PBF Energy from an "underperform" rating to a "neutral" rating and increased their price target for the company from $31.00 to $38.00 in a research report on Friday, December 12th. Wolfe Research lowered shares of PBF Energy from a "peer perform" rating to an "underperform" rating and set a $23.00 price objective for the company. in a research note on Monday, December 8th. The Goldman Sachs Group lifted their target price on shares of PBF Energy from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 22nd. Cowen restated a "sell" rating on shares of PBF Energy in a report on Friday, October 31st. Finally, Scotiabank raised their price objective on shares of PBF Energy from $25.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $29.38.
Check Out Our Latest Analysis on PBF
About PBF Energy
(
Get Free Report)
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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