Key Points
- Control Empresarial De Capital sold 315,776 PBF Energy shares at an average price of $77.78, generating approximately $24.6 million. The sale reduced its position by 2.23%, though it still directly owns about 13.87 million shares.
- PBF Energy shares opened at $78.25 and have risen substantially from their 52-week low of $25.62, with a market capitalization of approximately $9.28 billion. The company recently reported quarterly earnings of $6.22 per share, exceeding analyst expectations of $4.15.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $53.42. PBF also maintains a quarterly dividend of $0.275 per share, equivalent to a 1.4% annualized yield.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 3,494 shares of PBF Energy stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62. Following the sale, the insider directly owned 14,181,903 shares in the company, valued at $1,095,268,368.69. This trade represents a 0.02% 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.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total transaction of $24,561,057.28.
- On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $77.02, for a total transaction of $7,702,000.00.
- On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total transaction of $8,974,800.00.
- On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The shares were sold at an average price of $74.28, for a total transaction of $472,123.68.
- On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total transaction 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 transaction 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 value 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 value 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 value of $5,452,000.00.
PBF Energy Trading Up 1.5%
Shares of PBF stock opened at $78.25 on Friday. The firm has a market capitalization of $9.28 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.09 and a beta of 0.09. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $82.61. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $66.93 and its 200 day simple moving average is $50.88.
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 (EPS) for the quarter, topping analysts' consensus estimates of $4.15 by $2.07. The business had revenue of $11.68 billion during the quarter, compared to analysts' expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business's revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.03) EPS. As a group, sell-side analysts predict that PBF Energy Inc. will post 15.74 EPS for the current fiscal year.
PBF Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. PBF Energy's payout ratio is 9.73%.
Institutional Trading of PBF Energy
A number of institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of PBF Energy by 4,932.4% during the second quarter. California State Teachers Retirement System now owns 5,096,920 shares of the oil and gas company's stock valued at $232,012,000 after purchasing an additional 4,995,638 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of PBF Energy by 127.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company's stock valued at $171,595,000 after buying an additional 3,550,820 shares during the period. Invesco Ltd. increased its position in PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company's stock valued at $83,639,000 after buying an additional 1,651,516 shares in the last quarter. AQR Capital Management LLC increased its position in PBF Energy by 230.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company's stock valued at $45,183,000 after buying an additional 1,454,500 shares in the last quarter. Finally, Norges Bank acquired a new position in PBF Energy during the 4th quarter worth approximately $34,243,000. Institutional investors own 96.29% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of PBF Energy in a report on Friday, August 7th. Mizuho boosted their target price on shares of PBF Energy from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of PBF Energy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Morgan Stanley raised their price target on shares of PBF Energy from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Friday, June 12th. Finally, Freedom Capital lowered shares of PBF Energy from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $53.42.
Check Out Our Latest Research Report on PBF Energy
About PBF Energy
(
Get Free Report)
PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.
The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.
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