PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 6,356 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $74.28, for a total value of $472,123.68. Following the sale, the insider owned 14,405,397 shares of the company's stock, valued at $1,070,032,889.16. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The shares were sold at an average price of $72.18, for a total value of $15,157,800.00.
- On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total value of $10,519,500.00.
- On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The stock was sold at an average price of $68.68, for a total transaction of $15,135,355.00.
- On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The shares were sold at an average price of $71.26, for a total transaction of $34,917,400.00.
- On Monday, July 20th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $63.96, for a total transaction of $14,071,200.00.
- 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 transaction 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 transaction of $19,870,200.00.
- On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
- 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.
PBF Energy Stock Performance
NYSE:PBF opened at $75.04 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.08 and a beta of 0.10. The firm's fifty day simple moving average is $55.03 and its 200 day simple moving average is $45.76. PBF Energy Inc. has a twelve month low of $22.13 and a twelve month high of $75.68.
PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the firm earned ($1.03) EPS. The firm's quarterly revenue was up 56.2% compared to the same quarter last year. As a group, equities research analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.
PBF Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. PBF Energy's dividend payout ratio (DPR) is 9.73%.
Trending Headlines about PBF Energy
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF’s second-quarter performance showed a sharp turnaround, with adjusted earnings of $6.22 per share versus a $1.03 loss in the prior-year period. The Martinez refinery restart was completed in May, gross debt fell by more than $1 billion, and the company declared a $0.275 quarterly dividend. PBF Energy Gains as Investors Continue to Digest Strong Q2 Results and Favorable Refining Conditions
- Positive Sentiment: Favorable industry conditions are supporting the bullish case: gasoline prices above $4 per gallon and tight fuel markets can improve refining margins for independent refiners such as PBF. 4 Refining Stocks to Buy as Gas Prices Top $4 a Gallon
- Neutral Sentiment: PBF is also being highlighted as a potential long-term value stock, reflecting its low valuation relative to recent earnings performance. Why PBF Energy Is a Top Value Stock for the Long-Term
- Negative Sentiment: Several insiders sold a combined 603,645 shares for approximately $44 million, including sizable sales by CEO Matthew Lucey, Director Thomas Nimbley, SVP Trecia Canty, and Control Empresarial de Capital. The control shareholder still owns roughly 14.4 million shares, but the concentration of sales may concern investors. PBF Energy Insider Sale Filing
- Negative Sentiment: Recent analyst targets have a median of $41, well below the stock’s recent level near its 52-week high, suggesting some analysts remain cautious about the durability of refining margins and PBF’s earnings cycle. PBF Energy Market Analysis
Institutional Investors Weigh In On PBF Energy
Several hedge funds and other institutional investors have recently modified their holdings of PBF. 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 valued at $1,840,000 after acquiring an additional 30,430 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company's stock worth $171,595,000 after purchasing an additional 3,550,820 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in PBF Energy by 351.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 265,493 shares of the oil and gas company's stock worth $7,200,000 after purchasing an additional 206,666 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in PBF Energy in the fourth quarter worth $1,485,000. Finally, Jefferies Financial Group Inc. boosted its holdings in PBF Energy by 7,210.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 628,215 shares of the oil and gas company's stock worth $17,037,000 after purchasing an additional 619,622 shares during the period. Institutional investors own 96.29% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Zacks Research raised PBF Energy from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Freedom Capital lowered shares of PBF Energy from a "hold" rating to a "strong sell" rating in a research note on Friday, July 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of PBF Energy in a research report on Friday, August 7th. The Goldman Sachs Group upped their target price on shares of PBF Energy from $51.00 to $71.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, UBS Group raised their price target on shares of PBF Energy from $62.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $50.15.
View Our Latest Research Report on PBF
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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