Key Points
- Insider selling: SVP Paul Davis sold 75,997 PBF Energy shares at an average $65.71, worth approximately $4.99 million, reducing his ownership by 29.29%.
- Strong quarterly results: PBF reported $6.22 in quarterly EPS versus the $4.15 consensus and $11.68 billion in revenue, up 56.2% year over year.
- Dividend and mixed outlook: The company declared a $0.275 quarterly dividend, or $1.10 annualized, while analysts remain divided; the consensus rating is “Reduce” with a $50.15 target price.
PBF Energy Inc. (NYSE:PBF - Get Free Report) SVP James Fedena sold 24,756 shares of PBF Energy stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $71.83, for a total transaction of $1,778,223.48. Following the completion of the transaction, the senior vice president owned 114,260 shares in the company, valued at approximately $8,207,295.80. This trade represents a 17.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
PBF Energy Stock Down 7.3%
Shares of PBF Energy stock opened at $61.08 on Thursday. The company has a market cap of $7.23 billion, a P/E ratio of 5.40, a PEG ratio of 0.09 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. PBF Energy Inc. has a one year low of $21.46 and a one year high of $74.74. The firm has a fifty day moving average of $50.75 and a two-hundred day moving average of $43.67.
PBF Energy (NYSE:PBF - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the firm earned ($1.03) earnings per share. The business's quarterly revenue was up 56.2% compared to the same quarter last year. On average, analysts forecast that PBF Energy Inc. will post 12.56 earnings per share for the current year.
PBF Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.275 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. PBF Energy's dividend payout ratio (DPR) is 9.73%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on PBF shares. Freedom Capital cut shares of PBF Energy from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Wall Street Zen raised PBF Energy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Citigroup boosted their price target on PBF Energy from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Mizuho lifted their price objective on PBF Energy from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Scotiabank increased their target price on PBF Energy from $28.00 to $34.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $50.15.
Check Out Our Latest Stock Report on PBF
Hedge Funds Weigh In On PBF Energy
Several institutional investors and hedge funds have recently made changes to their positions in PBF. Torren Management LLC acquired a new stake in PBF Energy in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of PBF Energy in the 4th quarter valued at about $31,000. Leonteq Securities AG bought a new position in shares of PBF Energy during the first quarter worth about $33,000. Smartleaf Asset Management LLC lifted its position in shares of PBF Energy by 65.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in PBF Energy in the fourth quarter worth about $57,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting PBF Energy
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF Energy’s latest quarterly results materially exceeded expectations. Earnings were $6.22 per share versus the $4.15 consensus estimate, while revenue reached $11.68 billion, a 56.2% year-over-year increase. The results support upward earnings revisions and reflect strong refining profitability. PBF Energy earnings analysis
- Positive Sentiment: Zacks highlighted PBF as a stock with strong relative price strength, positive estimate revisions and solid fundamentals. Its low valuation—recently about 5 to 6 times earnings—could attract value-focused investors. Stocks with relative price strength
- Positive Sentiment: The company declared its regular quarterly dividend of $0.275 per share, payable August 28 to shareholders of record August 14. The annualized dividend is $1.10, with a relatively low payout ratio of 9.73%. Analyst actions have also included higher targets, including UBS’s $84 objective and a reported $74 target. PBF Energy price target and dividend
- Neutral Sentiment: Analyst opinion remains divided. Some firms have raised price targets or upgraded the shares, but the broader consensus is still cautious, with multiple Hold and Sell ratings and consensus targets below recent trading levels.
- Negative Sentiment: Insiders disclosed a cluster of large sales following PBF’s rally. CEO Matthew C. Lucey sold 225,473 shares for approximately $16.2 million, SVP Paul T. Davis sold 75,997 shares for about $5.0 million, SVP James E. Fedena sold 24,756 shares for roughly $1.8 million, and director Thomas J. Nimbley sold 468,139 shares for approximately $32.6 million. Control Empresarial De Capital separately sold 490,000 shares for about $34.9 million. Although several sellers retain sizable stakes, the scale and timing of the transactions may be pressuring sentiment. PBF Energy insider selling
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
