Key Points
- Control Empresarial De Capital sold 70,000 PBF shares on April 7 at $47.10 for $3.297M and, since late March, has offloaded about 3.74 million shares for roughly $184.6 million.
- Despite the selling, the insider still holds 19,253,698 shares (valued at ~$906.85 million, a 0.36% ownership reduction); PBF recently reported quarterly EPS of $0.49 (beating estimates) and pays an annualized dividend of $1.10 (yield ~2.6%).
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 70,000 shares of the business's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $47.10, for a total value of $3,297,000.00. Following the transaction, the insider owned 19,253,698 shares of the company's stock, valued at approximately $906,849,175.80. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The stock was sold at an average price of $46.18, for a total value of $6,003,400.00.
- On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The stock was sold at an average price of $50.52, for a total value of $30,312,000.00.
- On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The stock was sold at an average price of $49.96, for a total value of $31,824,520.00.
- On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $50.74, for a total value of $10,148,000.00.
- On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The stock was sold at an average price of $51.14, for a total value of $4,346,900.00.
- On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The stock was sold at an average price of $49.44, for a total value of $23,221,968.00.
- On Tuesday, March 24th, Control Empresarial De Capital sold 687,500 shares of PBF Energy stock. The stock was sold at an average price of $49.49, for a total value of $34,024,375.00.
- On Monday, March 23rd, Control Empresarial De Capital sold 472,000 shares of PBF Energy stock. The stock was sold at an average price of $47.02, for a total value of $22,193,440.00.
- On Friday, March 20th, Control Empresarial De Capital sold 340,000 shares of PBF Energy stock. The stock was sold at an average price of $48.84, for a total value of $16,605,600.00.
- On Thursday, March 19th, Control Empresarial De Capital sold 52,000 shares of PBF Energy stock. The stock was sold at an average price of $50.18, for a total value of $2,609,360.00.
PBF Energy Price Performance
PBF opened at $42.90 on Thursday. The stock has a 50-day moving average price of $40.51 and a 200-day moving average price of $34.82. PBF Energy Inc. has a 12-month low of $13.82 and a 12-month high of $52.18. 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 stock has a market capitalization of $5.02 billion, a P/E ratio of -29.18, a PEG ratio of 0.56 and a beta of 0.25.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $7.17 billion. During the same period in the prior year, the business earned ($2.82) EPS. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.
PBF Energy Dividend Announcement
The company also recently disclosed 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 2.6%. The ex-dividend date was Wednesday, February 25th. PBF Energy's dividend payout ratio is presently -74.83%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on PBF shares. Scotiabank upgraded PBF Energy to a "hold" rating in a report on Friday, March 27th. Citigroup increased their target price on PBF Energy from $29.00 to $36.00 and gave the company a "neutral" rating in a report on Wednesday, January 14th. Tudor Pickering upgraded PBF Energy from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. Piper Sandler increased their target price on PBF Energy from $41.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Finally, The Goldman Sachs Group increased their target price on PBF Energy from $33.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $32.92.
View Our Latest Stock Report on PBF Energy
Institutional Investors Weigh In On PBF Energy
Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 589 shares during the period. Torren Management LLC purchased a new stake in PBF Energy during the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the 4th quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators raised its position in PBF Energy by 62.3% during the 3rd 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 last quarter. Finally, Hantz Financial Services Inc. raised its position in PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 912 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.
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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