Key Points
- SVP Trecia Canty sold 140,320 PBF Energy shares at an average price of $71, generating approximately $9.96 million; her remaining ownership fell 42.25% to 191,779 shares.
- PBF Energy reported strong quarterly results, with EPS of $6.22 beating estimates of $4.15 and revenue rising 56.2% year over year to $11.68 billion. The company also declared a $0.275 quarterly dividend, equal to a 1.5% annualized yield.
- Analyst sentiment remains mixed: despite some upgrades and higher price targets, the overall consensus is “Reduce,” with a $50.15 target compared with recent trading near $71.88.
PBF Energy Inc. (NYSE:PBF - Get Free Report) SVP Trecia Canty sold 140,320 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $71.00, for a total transaction of $9,962,720.00. Following the sale, the senior vice president directly owned 191,779 shares of the company's stock, valued at approximately $13,616,309. This represents a 42.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
PBF Energy Stock Down 3.3%
PBF opened at $71.88 on Friday. The firm's 50 day simple moving average is $54.37 and its two-hundred day simple moving average is $45.37. The company has a market capitalization of $8.52 billion, a PE ratio of 6.36, a PEG ratio of 0.08 and a beta of 0.10. PBF Energy Inc. has a 1-year low of $22.13 and a 1-year high of $74.74. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27.
PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.15 by $2.07. The firm had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company's revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.03) EPS. As a group, equities analysts forecast that PBF Energy Inc. will post 15.74 EPS for the current year.
PBF Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.5%. PBF Energy's payout ratio is 9.73%.
Analyst Ratings Changes
A number of brokerages have commented on PBF. UBS Group upped their price target on PBF Energy from $62.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Zacks Research raised PBF Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a research note on Friday, August 7th. Evercore began coverage on PBF Energy in a research note on Friday, July 17th. They set an "in-line" rating and a $58.00 price objective for the company. Finally, Wall Street Zen raised shares of PBF Energy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $50.15.
Get Our Latest Stock Analysis on PBF Energy
Key PBF Energy News
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
- Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
- Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
- Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article
Institutional Investors Weigh In On PBF Energy
A number of institutional investors have recently bought and sold shares of the business. Leonteq Securities AG purchased a new stake in PBF Energy in the 1st quarter worth $33,000. Torren Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its stake in shares of PBF Energy by 65.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of PBF Energy in the fourth quarter worth about $57,000. Hedge funds and other institutional investors 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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