PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 250,000 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $34.91, for a total transaction of $8,727,500.00. Following the sale, the insider directly owned 27,591,198 shares in the company, valued at approximately $963,208,722.18. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, February 12th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $36.79, for a total value of $110,370.00.
- On Wednesday, February 11th, Control Empresarial De Capital sold 450,000 shares of PBF Energy stock. The stock was sold at an average price of $35.38, for a total transaction of $15,921,000.00.
- On Tuesday, February 10th, Control Empresarial De Capital sold 1,400 shares of PBF Energy stock. The stock was sold at an average price of $34.50, for a total value of $48,300.00.
- 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 transaction of $8,056,910.00.
- On Friday, February 6th, Control Empresarial De Capital sold 303,200 shares of PBF Energy stock. The shares were 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 shares were 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 value 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 value of $1,192,450.00.
PBF Energy Price Performance
Shares of NYSE:PBF opened at $35.98 on Friday. PBF Energy Inc. has a twelve month low of $13.61 and a twelve month high of $41.47. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40. The company has a market cap of $4.21 billion, a PE ratio of -24.48, a price-to-earnings-growth ratio of 4.69 and a beta of 0.50. The company's 50 day moving average is $31.66 and its 200 day moving average is $31.05.
PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.64. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the company earned ($2.82) earnings per share. PBF Energy's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current year.
PBF Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, February 25th. PBF Energy's payout ratio is -74.83%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of PBF Energy by 197.7% in 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 during the last quarter. Torren Management LLC purchased a new position in shares of PBF Energy in the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy in the fourth quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators increased 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 purchasing an additional 440 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of PBF Energy by 235.7% during the third quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PBF. Citigroup raised their target price on shares of PBF Energy from $29.00 to $36.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. TD Cowen reissued a "sell" rating on shares of PBF Energy in a research note on Friday, October 31st. UBS Group increased their target price on PBF Energy from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Zacks Research upgraded shares of PBF Energy from a "strong sell" rating to a "hold" rating in a report on Thursday, February 19th. Finally, Wolfe Research cut 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. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, PBF Energy has an average rating of "Reduce" and a consensus price target of $30.21.
Get Our Latest Research 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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