Key Points
- Control Empresarial De Capital sold 9,000 PBF shares on Jan. 21 at $32.91 (~$296k) and executed several other January sales (including 40k, 106k, 260k and 50k-share blocks), indicating concentrated insider selling even though the holder still owns ~30.4M shares (~$1.0B).
- Market and analyst backdrop is weak: PBF has a consensus rating of "Reduce" with a $30.14 average price target, reported a recent quarter EPS of -$0.52, carries a negative P/E, a market cap of ~$3.87B, and offers a $1.10 annual dividend (≈3.3% yield).
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 9,000 shares of PBF Energy stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $32.91, for a total value of $296,190.00. Following the completion of the transaction, the insider directly owned 30,398,498 shares of the company's stock, valued at approximately $1,000,414,569.18. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The shares were sold at an average price of $33.79, for a total transaction of $1,351,600.00.
- On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The stock was sold at an average price of $33.17, for a total transaction of $8,624,200.00.
- On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The shares were sold at an average price of $33.73, for a total transaction of $3,575,380.00.
- On Friday, January 9th, Control Empresarial De Capital sold 50,000 shares of PBF Energy stock. The shares were sold at an average price of $32.31, for a total transaction of $1,615,500.00.
PBF Energy Price Performance
Shares of NYSE PBF opened at $33.39 on Friday. The firm has a market cap of $3.87 billion, a P/E ratio of -7.18, a PEG ratio of 2.11 and a beta of 0.47. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $41.47. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $31.06 and a 200 day moving average of $29.45.
PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, October 30th. The oil and gas company reported ($0.52) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.17. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same quarter last year, the company earned ($1.50) EPS. The company's quarterly revenue was down 8.7% compared to the same quarter last year. As a group, research analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.
PBF Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.3%. PBF Energy's payout ratio is -23.66%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of PBF Energy by 114.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,491 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 1,331 shares during the period. Wedge Capital Management L L P NC lifted its position in PBF Energy by 2.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 37,400 shares of the oil and gas company's stock valued at $1,014,000 after purchasing an additional 720 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in PBF Energy by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,306 shares of the oil and gas company's stock valued at $1,098,000 after purchasing an additional 511 shares during the period. Next Level Private LLC increased its position in PBF Energy by 0.6% in the fourth quarter. Next Level Private LLC now owns 66,660 shares of the oil and gas company's stock worth $1,808,000 after buying an additional 378 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of PBF Energy in the fourth quarter worth about $842,000. Hedge funds and other institutional investors own 96.29% of the company's stock.
Key PBF Energy News
Here are the key news stories impacting PBF Energy this week:
- Neutral Sentiment: The company was the subject of a valuation/market-momentum piece that reviews PBF after recent share-price gains; that coverage can attract traders assessing upside vs. risk. Assessing PBF Energy (PBF) Valuation After Recent Share Price Momentum
- Negative Sentiment: An insider (Control Empresarial De Capital) disclosed a sale of 40,000 PBF shares on Jan. 22 at an average price of $33.79 (~$1.35M). While the seller still holds a very large stake, insider sales are typically viewed as a negative signal for investor sentiment. Insider Form 4 — 40,000 shares sold
- Negative Sentiment: The same insider also sold 9,000 shares on Jan. 21 at an average price of $32.91 (~$296k). Repeated small sales over consecutive days reinforces the near-term selling signal, even though the holder's remaining position remains large. Insider Form 4 — 9,000 shares sold
- Negative Sentiment: Analyst sentiment is weak: MarketBeat’s aggregation shows a consensus rating of “Reduce” (majority sell/hold, few buys), which can cap upside until guidance or fundamentals shift. PBF Receives Consensus Rating of “Reduce”
- Negative Sentiment: Zacks downgraded PBF from “Hold” to “Strong Sell,” a more aggressive negative stance that may prompt income/quant funds to reduce exposure and weighs on investor confidence. Zacks downgrade to Strong Sell
Wall Street Analyst Weigh In
A number of brokerages have recently commented on PBF. TD Cowen reiterated a "sell" rating on shares of PBF Energy in a research note on Friday, October 31st. Piper Sandler set a $41.00 target price on shares of PBF Energy in a research report on Monday, January 12th. Scotiabank increased their price target on PBF Energy from $25.00 to $28.00 and gave the company a "sector perform" rating in a report on Thursday, October 9th. Weiss Ratings restated a "sell (d)" rating on shares of PBF Energy in a research note on Monday, December 29th. Finally, Citigroup upped their price objective on PBF Energy from $29.00 to $36.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $30.14.
Get Our Latest Stock Report on PBF Energy
PBF Energy Company Profile
(
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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