PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of PBF Energy stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $49.14, for a total value of $9,828,000.00. Following the completion of the transaction, the insider owned 16,462,128 shares in the company, valued at approximately $808,948,969.92. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $46.94, for a total transaction of $9,388,000.00.
- 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 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 transaction 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 transaction 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 value 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 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.
PBF Energy Price Performance
PBF stock opened at $52.89 on Thursday. The company has a market capitalization of $6.26 billion, a P/E ratio of 14.26, a PEG ratio of 0.14 and a beta of 0.11. The company has a fifty day moving average price of $42.29 and a 200-day moving average price of $38.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31. PBF Energy Inc. has a 52-week low of $21.24 and a 52-week high of $53.18.
PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.53) EPS. As a group, equities analysts expect that PBF Energy Inc. will post 8.55 EPS for the current year.
PBF Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.1%. PBF Energy's payout ratio is presently 29.65%.
Wall Street Analysts Forecast Growth
PBF has been the subject of several recent research reports. BMO Capital Markets increased their price target on PBF Energy from $43.00 to $50.00 and gave the company a "market perform" rating in a research note on Thursday, April 2nd. Morgan Stanley upped their target price on PBF Energy from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Friday, June 12th. Wall Street Zen raised shares of PBF Energy from a "hold" rating to a "buy" rating in a research report on Monday. Zacks Research lowered shares of PBF Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Finally, The Goldman Sachs Group began coverage on shares of PBF Energy in a research report on Friday, April 10th. They issued a "neutral" rating and a $49.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $36.69.
View Our Latest Analysis on PBF Energy
Institutional Investors Weigh In On PBF Energy
Large investors have recently added to or reduced their stakes in the business. Leonteq Securities AG bought a new stake in PBF Energy in the first quarter worth approximately $33,000. Torren Management LLC bought a new position in shares of PBF Energy during the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new position in shares of PBF Energy during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its position in shares of PBF Energy by 65.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company's stock worth $38,000 after buying an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of PBF Energy in the 4th quarter valued at $57,000. 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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