Insider Selling: PBF Energy (NYSE:PBF) Insider Sells 100,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 100,000 shares of PBF Energy stock in a transaction on Friday, June 5th. The stock was sold at an average price of $43.17, for a total value of $4,317,000.00. Following the sale, the insider directly owned 18,117,698 shares of the company's stock, valued at $782,141,022.66. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total value of $1,350,360.00.
• On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total value of $8,974,000.00.
• On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $45.91, for a total value of $10,100,200.00.
• On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $44.41, for a total value of $133,230.00.
• On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The stock was sold at an average price of $43.50, for a total value of $15,747,000.00.
• On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total value of $3,297,000.00.
• 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.

PBF Energy Stock Down 4.9%

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PBF opened at $40.31 on Wednesday. The company has a market capitalization of $4.77 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.16 and a beta of 0.12. The stock has a fifty day moving average of $41.96 and a 200-day moving average of $37.25. PBF Energy Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $52.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31.

• Leading Oil Refiner's Stock Climbs Despite Market Volatility

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.79) by ($0.09). The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned ($3.53) EPS. On average, equities analysts expect that PBF Energy Inc. will post 6.7 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy's payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

• Valero Has The Value Proposition Energy Investors Need

A number of research firms recently commented on PBF. Scotiabank boosted their price target on PBF Energy from $28.00 to $34.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. TD Cowen dropped their price target on PBF Energy from $41.00 to $36.00 and set a "sell" rating for the company in a research note on Monday, April 27th. Wall Street Zen downgraded PBF Energy from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Morgan Stanley boosted their price target on PBF Energy from $27.00 to $34.00 and gave the company an "underweight" rating in a research note on Friday, April 24th. Finally, Mizuho boosted their price target on PBF Energy from $43.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $36.15.

Get Our Latest Stock Report on PBF Energy

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PBF. Royal Bank of Canada raised its stake in PBF Energy by 63.6% during the first quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company's stock worth $590,000 after acquiring an additional 12,025 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PBF Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company's stock worth $1,140,000 after acquiring an additional 2,609 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company's stock worth $4,996,000 after acquiring an additional 12,289 shares in the last quarter. Acadian Asset Management LLC raised its stake in PBF Energy by 261.0% during the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company's stock worth $62,000 after acquiring an additional 2,354 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in PBF Energy during the second quarter worth about $1,143,000. Institutional investors and hedge funds own 96.29% of the company's stock.

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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