Key Points
- Control Empresarial De Capital sold 480,000 PBF shares on Feb. 4 at an average price of $35.07 for proceeds of $16,833,600, reducing its stake by 1.60% to 29,583,498 shares valued at roughly $1.04 billion.
- The insider has been actively selling since Jan. 9, disposing of about 1.24 million shares across multiple trades for total proceeds of approximately $42.3 million between Jan. 9 and Feb. 4.
- For context, PBF shares opened at $34.48, trade in a 52-week range of $13.61–$41.47, have a market cap of $3.99 billion, and carry a MarketBeat consensus rating of "Reduce" with a $30.14 target price.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of the business's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00. Following the completion of the transaction, the insider directly owned 30,063,498 shares in the company, valued at $1,017,649,407.30. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, February 4th, Control Empresarial De Capital sold 480,000 shares of PBF Energy stock. The shares were sold at an average price of $35.07, for a total transaction of $16,833,600.00.
- On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The stock was sold at an average price of $33.46, for a total transaction of $2,007,600.00.
- On Thursday, January 29th, Control Empresarial De Capital sold 35,000 shares of PBF Energy stock. The shares were sold at an average price of $34.07, for a total value of $1,192,450.00.
- On Thursday, January 22nd, Control Empresarial De Capital sold 40,000 shares of PBF Energy stock. The stock was sold at an average price of $33.79, for a total value of $1,351,600.00.
- On Wednesday, January 21st, Control Empresarial De Capital sold 9,000 shares of PBF Energy stock. The shares were sold at an average price of $32.91, for a total value of $296,190.00.
- 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 value of $8,624,200.00.
- On Tuesday, January 13th, Control Empresarial De Capital sold 106,000 shares of PBF Energy stock. The stock was sold at an average price of $33.73, for a total value 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
PBF Energy stock opened at $34.48 on Friday. PBF Energy Inc. has a 52-week low of $13.61 and a 52-week 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 firm's fifty day moving average is $30.66 and its 200 day moving average is $29.90. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -7.42, a PEG ratio of 6.24 and a beta of 0.50.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PBF. The Goldman Sachs Group raised their price objective on PBF Energy from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday, October 22nd. Piper Sandler set a $41.00 price objective on shares of PBF Energy in a research note on Monday, January 12th. TD Cowen reissued a "sell" rating on shares of PBF Energy in a research note on Friday, October 31st. Mizuho upgraded shares of PBF Energy from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $31.00 to $38.00 in a report on Friday, December 12th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $34.00 price target on shares of PBF Energy in a research note on Monday, January 5th. Two equities 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. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $30.14.
Read Our Latest Report on PBF
Institutional Trading of PBF Energy
Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in PBF Energy by 197.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Torren Management LLC purchased a new position in shares of PBF Energy during the fourth quarter valued at $30,000. Deseret Mutual Benefit Administrators raised its holdings in shares of PBF Energy by 62.3% in the third 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. lifted its stake in PBF Energy by 235.7% in the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 912 shares during the period. Finally, Quent Capital LLC bought a new position in PBF Energy during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 96.29% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
