PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 220,000 shares of the business's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00. Following the completion of the transaction, the insider directly owned 15,492,128 shares of the company's stock, valued at $990,876,506.88. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Friday, July 10th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $54.52, for a total transaction of $5,452,000.00.
- On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total value of $14,358,600.00.
- On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total value of $19,870,200.00.
- On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $49.14, for a total value of $9,828,000.00.
- On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total value 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 value 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 value 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 value 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 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 value of $4,317,000.00.
PBF Energy Price Performance
NYSE PBF opened at $61.22 on Wednesday. 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 stock has a market cap of $7.24 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.10 and a beta of 0.11. The business has a 50 day simple moving average of $47.45 and a 200 day simple moving average of $42.20. PBF Energy Inc. has a 52-week low of $21.24 and a 52-week high of $68.33.
PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share 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 the consensus estimate of $7.32 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.53) EPS. Analysts anticipate that PBF Energy Inc. will post 10.94 earnings per share for the current fiscal year.
PBF Energy Dividend Announcement
The business also recently disclosed 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 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. PBF Energy's payout ratio is currently 29.65%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PBF. Morgan Stanley increased their target price on PBF Energy from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Friday, June 12th. Evercore initiated coverage on PBF Energy in a report on Friday, July 17th. They issued an "in-line" rating and a $58.00 price target on the stock. TD Cowen upped their price objective on PBF Energy from $39.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a report on Monday, May 11th. Finally, Mizuho lifted their target price on PBF Energy from $48.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, PBF Energy presently has a consensus rating of "Hold" and a consensus price target of $45.62.
Get Our Latest Analysis on PBF Energy
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in PBF. Torren Management LLC acquired a new stake in PBF Energy in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in PBF Energy during the 4th quarter worth about $31,000. Leonteq Securities AG bought a new stake in PBF Energy during the 1st quarter worth about $33,000. Smartleaf Asset Management LLC boosted its stake 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 last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of PBF Energy during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 96.29% of the company's stock.
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.
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