Key Points
- Control Empresarial De Capital sold 150,000 PBF Energy shares at an average price of $80.60, generating approximately $12.1 million and reducing its stake by 1.08%. The insider still owns 13.7 million shares valued at roughly $1.1 billion.
- PBF Energy reported strong quarterly results, with EPS of $6.22 surpassing the $4.15 analyst estimate and revenue rising 56.2% year over year to $11.68 billion.
- Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $59.55 price target, while Morgan Stanley issued a “Sell” rating despite PBF’s recent share-price gains.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 150,000 shares of the business's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $80.60, for a total transaction of $12,090,000.00. Following the completion of the transaction, the insider directly owned 13,716,127 shares in the company, valued at $1,105,519,836.20. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 shares were sold at an average price of $77.78, for a total transaction of $24,561,057.28.
- On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The shares were sold at an average price of $77.23, for a total transaction of $269,841.62.
- 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 stock was 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 shares were 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 shares were 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 value of $15,135,355.00.
- On Thursday, July 30th, Control Empresarial De Capital sold 490,000 shares of PBF Energy stock. The stock was 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 stock was sold at an average price of $63.96, for a total value of $14,071,200.00.
PBF Energy Price Performance
Shares of PBF Energy stock opened at $74.62 on Wednesday. The stock has a 50 day moving average of $67.87 and a 200 day moving average of $51.53. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $82.61. The firm has a market cap of $8.85 billion, a PE ratio of 6.60, a PEG ratio of 0.08 and a beta of 0.09. 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 released its quarterly earnings data 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. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.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 company posted ($1.03) EPS. The company's revenue was up 56.2% compared to the same quarter last year. On average, research analysts expect that PBF Energy Inc. will post 15.74 EPS for the current fiscal year.
PBF Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was 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%.
Wall Street Analyst Weigh In
PBF has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of PBF Energy from $71.00 to $81.00 and gave the company a "neutral" rating in a research note on Tuesday, August 18th. Citigroup lifted their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Zacks Research upgraded shares of PBF Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Morgan Stanley upped their target price on shares of PBF Energy from $38.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday. Finally, Mizuho increased their price target on shares of PBF Energy from $57.00 to $65.00 and gave the company a "neutral" 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 four have assigned a Sell rating to the company's stock. According to MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus price target of $59.55.
Read Our Latest Research Report on PBF Energy
Trending Headlines about PBF Energy
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF Holding priced $500 million of 0% exchangeable notes due 2032. The proceeds are intended to refinance existing debt and support the redemption of outstanding notes, potentially lowering near-term cash interest costs and extending maturities. PBF Energy Announces Pricing of $500 Million of 0% Exchangeable Notes due 2032
- Positive Sentiment: Zacks highlighted PBF’s growth characteristics, strong momentum and favorable style scores, reinforcing the bullish case among growth and momentum-focused investors. Is PBF Energy a Solid Growth Stock?
- Neutral Sentiment: The exchangeable notes carry no stated interest, which is favorable for financing costs, but their exchange feature could result in future share dilution if investors exchange the notes for PBF stock. PBF Energy Prices Exchangeable Notes to Refinance Debt
- Negative Sentiment: Morgan Stanley assigned PBF a Sell rating, adding analyst pressure after the stock’s strong run and signaling that the firm sees limited upside or elevated downside risk. PBF Energy Gets a Sell from Morgan Stanley
- Negative Sentiment: Control Empresarial de Capital sold 150,000 PBF shares for approximately $12.1 million, reducing its stake by 1.08%. Although the insider retains a substantial position, the sale may weigh on sentiment. PBF Energy Insider Sale SEC Filing
Institutional Trading of PBF Energy
A number of institutional investors have recently bought and sold shares of PBF. Sequoia Financial Advisors LLC boosted its stake in PBF Energy by 128.0% during the second quarter. Sequoia Financial Advisors LLC now owns 10,631 shares of the oil and gas company's stock worth $484,000 after buying an additional 5,969 shares during the period. Engineers Gate Manager LP increased its position in PBF Energy by 90.4% during the second quarter. Engineers Gate Manager LP now owns 63,433 shares of the oil and gas company's stock valued at $2,887,000 after acquiring an additional 30,117 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of PBF Energy by 76.0% in the second quarter. Integrated Wealth Concepts LLC now owns 8,632 shares of the oil and gas company's stock valued at $393,000 after acquiring an additional 3,728 shares during the period. IFP Advisors Inc raised its stake in shares of PBF Energy by 68.7% in the second quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company's stock valued at $66,000 after acquiring an additional 591 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of PBF Energy by 166.2% in the 2nd quarter. Allworth Financial LP now owns 6,888 shares of the oil and gas company's stock worth $314,000 after acquiring an additional 4,300 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.
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.
Further Reading

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].