PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 200,000 Shares

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of PBF Energy stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.87, for a total transaction of $8,974,000.00. Following the completion of the transaction, the insider owned 18,688,698 shares in the company, valued at approximately $838,561,879.26. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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Control Empresarial De Capital also recently made the following trade(s):

• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $45.91, for a total transaction of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The shares were sold at an average price of $44.41, for a total transaction of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The shares were sold at an average price of $43.50, for a total transaction of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The shares were sold at an average price of $47.10, for a total transaction of $3,297,000.00.
• On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The shares were sold at an average price of $46.18, for a total transaction of $6,003,400.00.
• On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $50.52, for a total transaction of $30,312,000.00.
• On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total transaction of $31,824,520.00.
• On Tuesday, March 31st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $50.74, for a total transaction of $10,148,000.00.
• On Monday, March 30th, Control Empresarial De Capital sold 85,000 shares of PBF Energy stock. The shares were sold at an average price of $51.14, for a total transaction of $4,346,900.00.
• On Wednesday, March 25th, Control Empresarial De Capital sold 469,700 shares of PBF Energy stock. The shares were sold at an average price of $49.44, for a total transaction of $23,221,968.00.

PBF Energy Stock Performance

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NYSE:PBF opened at $41.63 on Thursday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.19 and a beta of 0.15. PBF Energy Inc. has a 1-year low of $17.53 and a 1-year high of $52.18. The firm's fifty day moving average price is $42.94 and its 200 day moving average price is $36.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62.

• Leading Oil Refiner's Stock Climbs Despite Market Volatility

PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.PBF Energy's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.53) earnings per share. On average, sell-side analysts expect that PBF Energy Inc. will post 6.08 EPS for the current year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, May 14th. PBF Energy's payout ratio is presently 29.65%.

Institutional Investors Weigh In On PBF Energy

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Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of PBF Energy by 127.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company's stock worth $171,595,000 after buying an additional 3,550,820 shares in the last quarter. State Street Corp raised its stake in PBF Energy by 1.3% in the 4th 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. raised its stake in PBF Energy by 147.4% in the 3rd 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 PBF Energy by 20.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,503,283 shares of the oil and gas company's stock valued at $75,524,000 after purchasing an additional 418,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 valued at $65,108,000 after purchasing an additional 331,404 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho boosted their target price on shares of PBF Energy from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. TD Cowen decreased their target price on shares of PBF Energy from $41.00 to $36.00 and set a "sell" rating on the stock in a research report on Monday, April 27th. The Goldman Sachs Group assumed coverage on shares of PBF Energy in a research report on Friday, April 10th. They set a "neutral" rating and a $49.00 target price on the stock. Citigroup boosted their target price on shares of PBF Energy from $36.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, Tudor Pickering upgraded shares of PBF Energy from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, PBF Energy has an average rating of "Reduce" and an average price target of $35.92.

View Our Latest Report 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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