PBF Energy (NYSE:PBF) Insider Sells 280,000 Shares

Key Points

  • Insider selling continued at PBF Energy: Control Empresarial De Capital sold 280,000 shares on June 30 at an average price of $46.65, worth about $13.1 million. The insider’s stake fell by 1.63% after the trade.
  • The seller has been active recently: The same insider also sold multiple large blocks of PBF shares over the prior month, including 570,000 shares on June 29 and several other sales in June and May. This points to a sustained reduction in the position.
  • PBF shares rose despite mixed fundamentals: The stock was up 5.4% to $47.98, near its 52-week high of $52.18. The company recently missed EPS estimates but beat revenue expectations, and analysts currently have a consensus rating of “Reduce” with a $36.69 price target.

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 280,000 shares of PBF Energy stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $46.65, for a total transaction of $13,062,000.00. Following the completion of the transaction, the insider owned 16,862,128 shares of the company's stock, valued at $786,618,271.20. This represents a 1.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00.
  • On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $42.79, for a total value of $8,558,000.00.
  • On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value of $8,635,995.70.
  • On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00.
  • 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 shares were 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 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 stock was sold at an average price of $43.50, for a total transaction of $15,747,000.00.

PBF Energy Trading Up 5.4%




Shares of PBF Energy stock opened at $47.98 on Thursday. PBF Energy Inc. has a 1 year low of $21.24 and a 1 year 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. The company has a market capitalization of $5.68 billion, a P/E ratio of 12.93, a PEG ratio of 0.14 and a beta of 0.12. The company's fifty day moving average is $41.44 and its two-hundred day moving average is $38.14.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data 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). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same quarter in the prior year, the firm posted ($3.53) earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts forecast that PBF Energy Inc. will post 8.02 earnings per share 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 given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, May 14th. PBF Energy's payout ratio is 29.65%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock valued at $180,000 after purchasing an additional 242 shares during the period. Bull Harbor Capital LLC acquired a new stake in shares of PBF Energy in the 1st quarter valued at approximately $212,000. Amundi purchased a new stake in shares of PBF Energy in the first quarter valued at approximately $1,574,000. EverSource Wealth Advisors LLC boosted its stake in shares of PBF Energy by 24.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company's stock valued at $225,000 after buying an additional 931 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of PBF Energy by 23.6% in the first quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company's stock valued at $4,823,000 after buying an additional 19,354 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PBF has been the subject of a number of recent research reports. Wall Street Zen cut PBF Energy from a "buy" rating to a "hold" rating in a research report on Sunday. The Goldman Sachs Group assumed coverage on PBF Energy in a report on Friday, April 10th. They issued a "neutral" rating and a $49.00 target price on the stock. Morgan Stanley upped their price target on PBF Energy from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Friday, June 12th. TD Cowen upgraded PBF Energy from a "sell" rating to a "hold" rating and upped their price target for the stock from $36.00 to $39.00 in a research note on Monday. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PBF Energy in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $36.69.

Get Our Latest Analysis on PBF Energy

PBF Energy Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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