PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $46.94, for a total transaction of $9,388,000.00. Following the transaction, the insider owned 16,662,128 shares in the company, valued at $782,120,288.32. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total transaction of $13,062,000.00.
- On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was 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 shares were sold at an average price of $42.79, for a total transaction of $8,558,000.00.
- On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The shares were sold at an average price of $42.01, for a total transaction of $8,635,995.70.
- On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were 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 transaction 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 transaction 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 transaction of $8,974,000.00.
- 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 value of $133,230.00.
PBF Energy Stock Performance
PBF stock opened at $49.25 on Tuesday. The company has a market cap of $5.83 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.14 and a beta of 0.11. 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 current ratio of 1.31 and a quick ratio of 0.62. The stock's fifty day moving average price is $41.89 and its 200-day moving average price is $38.55.
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). The firm had revenue of $7.90 billion for the quarter, compared to analysts' expectations 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 was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted ($3.53) EPS. On average, equities analysts forecast that PBF Energy Inc. will post 8.55 earnings per share for the current year.
PBF Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, May 14th. PBF Energy's payout ratio is currently 29.65%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. TD Cowen upgraded shares of PBF Energy from a "sell" rating to a "hold" rating and increased their price objective for the stock from $36.00 to $39.00 in a research note on Monday, June 29th. BMO Capital Markets boosted their target price on shares of PBF Energy from $43.00 to $50.00 and gave the company a "market perform" rating in a research report on Thursday, April 2nd. Mizuho upped their target price on shares of PBF Energy from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of PBF Energy from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Citigroup lifted their price target on shares of PBF Energy from $36.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, PBF Energy presently has a consensus rating of "Reduce" and a consensus target price of $36.69.
View Our Latest Stock Analysis on PBF
Institutional Investors Weigh In On PBF Energy
A number of hedge funds have recently made changes to their positions in PBF. Dynamic Technology Lab Private Ltd purchased a new stake in PBF Energy during the third quarter valued at $823,000. Goldman Sachs Group Inc. grew its stake 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 of New Jersey Common Pension Fund D purchased a new position in shares of PBF Energy in the 4th quarter worth $1,485,000. Hsbc Holdings PLC increased its holdings in shares of PBF Energy by 81.7% in the 4th quarter. Hsbc Holdings PLC now owns 67,674 shares of the oil and gas company's stock worth $1,840,000 after buying an additional 30,430 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in shares of PBF Energy by 7,210.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company's stock worth $17,037,000 after buying an additional 619,622 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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