Key Points
- Control Empresarial De Capital sold 228,500 PBF shares on Feb 9 at $35.26 each, totaling $8,056,910, part of an ongoing series of insider sales disclosed to the SEC.
- Across trades from Jan. 14–Feb. 10 the insider sold roughly $61.4 million of PBF stock, including large blocks on Feb. 4 (480,000 shares) and Feb. 6 (303,200 shares).
- Following the transactions the insider still owns 28,894,598 shares (a 0.78% ownership decline, valued at about $1.02 billion); PBF trades near $35.80 and carries a consensus analyst rating of "Reduce" with a $30.14 target.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 1,400 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $34.50, for a total value of $48,300.00. Following the transaction, the insider directly owned 28,893,198 shares of the company's stock, valued at approximately $996,815,331. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, February 9th, Control Empresarial De Capital sold 228,500 shares of PBF Energy stock. The shares were sold at an average price of $35.26, for a total value of $8,056,910.00.
- On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The stock was sold at an average price of $35.62, for a total value of $10,799,984.00.
- On Thursday, February 5th, Control Empresarial De Capital sold 157,200 shares of PBF Energy stock. The stock was sold at an average price of $34.66, for a total value of $5,448,552.00.
- 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 Tuesday, February 3rd, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $33.85, for a total transaction of $6,770,000.00.
- On Friday, January 30th, Control Empresarial De Capital sold 60,000 shares of PBF Energy stock. The shares were 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 transaction 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 transaction 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 transaction of $296,190.00.
- On Wednesday, January 14th, Control Empresarial De Capital sold 260,000 shares of PBF Energy stock. The shares were sold at an average price of $33.17, for a total transaction of $8,624,200.00.
PBF Energy Price Performance
PBF Energy stock opened at $35.80 on Thursday. The firm has a market capitalization of $4.15 billion, a P/E ratio of -7.70, a PEG ratio of 6.09 and a beta of 0.50. PBF Energy Inc. has a one year low of $13.61 and a one year high of $41.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 0.59. The business has a fifty day moving average price of $30.73 and a 200-day moving average price of $30.25.
PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.45) by $0.94. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The company had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.17 billion. As a group, equities research analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of PBF Energy during the third quarter worth approximately $10,207,000. Nomura Holdings Inc. bought a new position in shares of PBF Energy during the 2nd quarter valued at $5,843,000. Mitsubishi UFJ Trust & Banking Corp raised its position in PBF Energy by 264.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company's stock worth $2,922,000 after purchasing an additional 70,312 shares during the period. Allianz Asset Management GmbH raised its position in PBF Energy by 1,232.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company's stock worth $8,058,000 after purchasing an additional 247,039 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in PBF Energy in the third quarter worth $3,890,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on PBF. BMO Capital Markets restated a "market perform" rating and issued a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Wall Street Zen upgraded shares of PBF Energy from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Piper Sandler set a $41.00 price target on shares of PBF Energy in a research report on Monday, January 12th. UBS Group upped their price target on shares of PBF Energy from $37.00 to $42.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. Finally, Zacks Research lowered PBF Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $30.14.
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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