Key Points
- Control Empresarial De Capital sold 205,000 PBF shares on March 5 at an average price of $46.57 for $9.55 million, leaving it with 26,264,098 shares (a 0.77% reduction) valued at about $1.223 billion.
- The insider has carried out repeated sales across February–March, disposing of roughly 2.72 million shares for about $106 million in aggregate, indicating a sustained reduction of its stake.
PBF Energy Inc. (NYSE:PBF - Get Free Report) SVP Paul Davis sold 50,000 shares of PBF Energy stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $44.80, for a total transaction of $2,240,000.00. Following the completion of the transaction, the senior vice president directly owned 183,426 shares of the company's stock, valued at $8,217,484.80. The trade was a 21.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
PBF Energy Trading Down 5.3%
Shares of PBF Energy stock opened at $43.22 on Friday. The firm has a 50-day simple moving average of $33.46 and a two-hundred day simple moving average of $31.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $47.18. The company has a market cap of $5.05 billion, a P/E ratio of -29.40, a price-to-earnings-growth ratio of 6.12 and a beta of 0.41.
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, beating analysts' consensus estimates 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 analysts' expectations of $7.17 billion. During the same period last year, the firm earned ($2.82) EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.
PBF Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. PBF Energy's dividend payout ratio (DPR) is presently -74.83%.
Hedge Funds Weigh In On PBF Energy
A number of institutional investors have recently added to or reduced their stakes in PBF. Allspring Global Investments Holdings LLC acquired a new stake in shares of PBF Energy in the 3rd quarter worth $10,207,000. First Eagle Investment Management LLC boosted its position in shares of PBF Energy by 7.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company's stock valued at $16,519,000 after acquiring an additional 40,129 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of PBF Energy in the second quarter valued at about $5,843,000. Allianz Asset Management GmbH grew its holdings in shares of PBF Energy by 1,232.0% in the third quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company's stock valued at $8,058,000 after purchasing an additional 247,039 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in PBF Energy by 264.9% during the third 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 last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.
Analysts Set New Price Targets
PBF has been the topic of a number of recent analyst reports. Zacks Research upgraded PBF Energy from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 19th. Citigroup upped their price objective on shares of PBF Energy from $29.00 to $36.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. Piper Sandler increased their price objective on shares of PBF Energy from $41.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Mizuho raised shares of PBF Energy from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $31.00 to $38.00 in a research note on Friday, December 12th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of PBF Energy in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, PBF Energy has an average rating of "Reduce" and an average target price of $30.21.
Check Out Our Latest Stock Report on PBF Energy
Key Headlines Impacting PBF Energy
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF reported an EPS beat for the most recent quarter (reported Feb. 12) that topped estimates, which supports near-term cash generation and helps explain why some investors still hold positions. MarketBeat PBF Summary
- Positive Sentiment: The company declared a quarterly dividend of $0.275 (annualized $1.10, ~2.5% yield), payable Mar. 11, which may attract income-focused holders and provide a price-support floor. MarketBeat Dividend Notice
- Neutral Sentiment: Analyst coverage is mixed-to-weak: recent upgrades and target increases from some firms are balanced by several Hold/Sell ratings; consensus remains below current levels which can limit upside. MarketBeat Analyst Summary
- Neutral Sentiment: Macro note — refiners can benefit from spiking crude and geopolitical supply moves; sector commentary suggests PBF could outperform in a sustained crude rally, but that’s conditional on margins. 247WallSt Refiners Piece
- Negative Sentiment: Significant, concentrated insider selling: Control Empresarial De Capital has executed multiple large sales in recent days (including 903,100 shares on Mar. 4 and 205,000 shares on Mar. 5), representing repeated divestments by a major shareholder — a clear negative signal on near-term sentiment. SEC Form 4 - Control Empresarial
- Negative Sentiment: Additional insider exits: SVP Paul T. Davis sold 50,000 shares and other insiders (including Thomas Nimbley and entities cited by TipRanks) have reduced holdings, amplifying selling pressure and raising governance/exit questions for some investors. InsiderTrades Article
- Negative Sentiment: Fundamentals remain uneven: revenue dipped year-over-year, net margin and ROE are negative, and consensus EPS for the year is below zero — factors that underpin cautious analyst targets and amplify downside if margins compress. MarketBeat Financials
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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