Key Points
- Control Empresarial De Capital sold 50,000 PBF shares on Jan. 9 at an average price of $32.31 for about $1.62M, leaving it with 30,773,498 shares (a 0.16% ownership decline).
- PBF reported ($0.52) EPS beating the ($0.69) estimate and revenue of $7.65B (above estimates), but the company still has negative ROE (-15.88%) and net margin (-1.78%) with revenue down 8.7% year-over-year.
- PBF pays a quarterly dividend of $0.275 ($1.10 annual, a 3.3% yield), while analysts' consensus rating is "Reduce" with an average target price of $29.64, below the current share price.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 50,000 shares of the company's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $32.31, for a total value of $1,615,500.00. Following the completion of the sale, the insider owned 30,773,498 shares of the company's stock, valued at $994,291,720.38. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
PBF Energy Stock Up 0.3%
Shares of PBF stock opened at $32.90 on Wednesday. PBF Energy Inc. has a 1 year low of $13.61 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.38. The business's fifty day moving average is $32.09 and its 200-day moving average is $29.07. The stock has a market cap of $3.81 billion, a PE ratio of -7.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.47.
PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The company's revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.50) earnings per share. Equities analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.
PBF Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.275 per share. The ex-dividend date was Friday, November 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. PBF Energy's dividend payout ratio (DPR) is -23.66%.
Institutional Trading of PBF Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in shares of PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company's stock valued at $27,000 after buying an additional 589 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in PBF Energy by 761.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,412 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 1,248 shares during the period. Deseret Mutual Benefit Administrators grew its stake in PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 440 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of PBF Energy by 235.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 912 shares during the period. Finally, Quent Capital LLC purchased a new stake in shares of PBF Energy in the third quarter worth approximately $41,000. Institutional investors and hedge funds own 96.29% of the company's stock.
Analyst Ratings Changes
PBF has been the subject of a number of research reports. Scotiabank raised their target price on shares of PBF Energy from $25.00 to $28.00 and gave the stock a "sector perform" rating in a report on Thursday, October 9th. UBS Group raised their price objective on PBF Energy from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Wolfe Research cut PBF Energy from a "peer perform" rating to an "underperform" rating and set a $23.00 target price on the stock. in a report on Monday, December 8th. Cowen reaffirmed a "sell" rating on shares of PBF Energy in a report on Friday, October 31st. Finally, 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. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have assigned a Sell rating to the company's stock. Based on data from MarketBeat, PBF Energy presently has an average rating of "Reduce" and an average target price of $29.64.
Read Our Latest Stock 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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