Key Points
- SVP Trecia Canty sold 62,999 shares of PBF Energy on March 24 at an average price of $50 for a $3.15M transaction, trimming her stake by 24.73% to 191,779 shares, according to an SEC filing.
- The Canty sale adds to a wave of insider and major‑holder selling
- PBF has surged about 181% over the past year, trades near $51 with a market cap around $6B, a negative P/E, a $1.10 annual dividend (2.1% yield), and carries a MarketBeat consensus rating of "Reduce" with an average target of ~$31.69.
PBF Energy Inc. (NYSE:PBF - Get Free Report) Director Thomas Nimbley sold 50,000 shares of the firm's stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $51.36, for a total value of $2,568,000.00. Following the transaction, the director directly owned 790,716 shares in the company, valued at approximately $40,611,173.76. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
PBF Energy Stock Up 1.6%
PBF Energy stock opened at $51.19 on Friday. PBF Energy Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $51.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. The company has a market capitalization of $5.99 billion, a P/E ratio of -34.82, a PEG ratio of 0.64 and a beta of 0.41. The stock has a 50-day simple moving average of $38.27 and a 200-day simple moving average of $33.87.
PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.64. The firm had revenue of $7.14 billion during the quarter, compared to analysts' expectations of $7.17 billion. PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The business's revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.82) EPS. Equities research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.
PBF Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy's payout ratio is presently -74.83%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on PBF. The Goldman Sachs Group increased their price target on shares of PBF Energy from $33.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Wolfe Research lowered shares of PBF Energy from a "peer perform" rating to an "underperform" rating and set a $23.00 price objective on the stock. in a research note on Monday, December 8th. Mizuho upped their target price on shares of PBF Energy from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Zacks Research upgraded shares of PBF Energy from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of PBF Energy in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $31.69.
Check Out Our Latest Analysis on PBF Energy
Hedge Funds Weigh In On PBF Energy
A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company's stock valued at $171,595,000 after acquiring an additional 3,550,820 shares during the period. State Street Corp grew its holdings in PBF Energy by 1.3% in the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company's stock valued at $131,661,000 after purchasing an additional 60,294 shares during the last quarter. Invesco Ltd. grew its holdings in PBF Energy by 147.4% in the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company's stock valued at $83,639,000 after purchasing an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of PBF Energy by 20.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company's stock worth $75,524,000 after buying an additional 418,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of PBF Energy by 16.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,400,702 shares of the oil and gas company's stock worth $65,108,000 after buying an additional 331,404 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.
PBF Energy News Roundup
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: Management and analysts pointing to a recovering margin environment as the core fundamental story supporting recent gains; commentary suggests operating improvements are sustaining the one‑year rally. PBF Energy SVP Trimmed His Position — A Recovering Margin Environment Is the Real Story
- Neutral Sentiment: Market commentary is asking whether PBF’s 181% one‑year surge leaves upside limited or whether momentum and margin recovery can continue; this debate is keeping sentiment mixed rather than decisively bullish. Is It Too Late To Consider PBF Energy (PBF) After Its 181% One-Year Surge?
- Negative Sentiment: Control Empresarial De Capital sold 687,500 PBF shares (~$34.0M at ~$49.49), reducing its stake and increasing free float — a sizable block sale that can pressure the stock. Control Empresarial De Capital Sells 687,500 Shares
- Negative Sentiment: Control Empresarial De Capital also sold 469,700 shares (~$23.2M at ~$49.44) in a separate filing, further signaling insider/major‑holder liquidity taking place this week. PBF Energy Insider Control Empresarial De Capital Sells 469,700 Shares
- Negative Sentiment: Director Thomas J. Nimbley sold 50,000 shares for about $2.57M, trimming his position — another insider sale disclosed this week. PBF Energy (NYSE:PBF) Director Sells $2,568,000.00 in Stock
- Negative Sentiment: SVP Trecia M. Canty sold 62,999 shares (~$3.15M at $50.00), a near‑25% reduction in her holding, disclosed via SEC filing — adds to the pattern of insiders monetizing gains. Trecia M. Canty SEC Filing
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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