Key Points
- Control Empresarial De Capital sold 120,000 PBF Energy shares at an average price of $84.13, generating $10.1 million; it retained 13.5 million shares worth approximately $1.14 billion.
- PBF Energy reported quarterly EPS of $6.22, beating estimates of $4.15, while revenue rose 56.2% year over year to $11.68 billion. The company also maintains a $0.275 quarterly dividend, equivalent to a 1.3% yield.
- Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $62.45, below the stock’s recent price near $83.49.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 120,000 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $84.13, for a total value of $10,095,600.00. Following the transaction, the insider directly owned 13,496,127 shares in the company, valued at $1,135,429,164.51. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $82.00, for a total transaction of $8,200,000.00.
- On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $80.60, for a total transaction of $12,090,000.00.
- 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 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 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 stock was 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 shares were 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 shares were sold at an average price of $68.68, for a total transaction of $15,135,355.00.
PBF Energy Price Performance
PBF stock opened at $83.49 on Thursday. The company has a market capitalization of $9.90 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18. 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 52-week low of $25.62 and a 52-week high of $85.75. The business has a 50-day simple moving average of $73.18 and a two-hundred day simple moving average of $55.45.
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 EPS for the quarter, topping the consensus estimate 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 return on equity of 11.27% and a net margin of 3.94%.The company's quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.03) earnings per share. Research analysts expect that PBF Energy Inc. will post 24.87 EPS for the current fiscal year.
PBF Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.2750 per share. The ex-dividend date was Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.3%. PBF Energy's dividend payout ratio is 9.73%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on PBF shares. Mizuho increased their price target on PBF Energy from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Morgan Stanley lifted their price objective on shares of PBF Energy from $38.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, September 14th. Citigroup upped their target price on shares of PBF Energy from $74.00 to $91.00 and gave the stock a "neutral" rating in a research note on Tuesday. Weiss Ratings upgraded shares of PBF Energy from a "sell (d-)" rating to a "buy (b-)" rating in a report on Tuesday, September 22nd. Finally, Freedom Capital lowered shares of PBF Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $62.45.
Check Out Our Latest Stock Report on PBF
Institutional Trading of PBF Energy
Institutional investors and hedge funds have recently modified their holdings of the business. Leonteq Securities AG bought a new stake in PBF Energy during the first quarter worth $33,000. IFP Advisors Inc grew its stake in PBF Energy by 68.7% in the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company's stock valued at $66,000 after purchasing an additional 591 shares during the period. Strs Ohio purchased a new stake in shares of PBF Energy during the 1st quarter valued at $143,000. Nykredit A S purchased a new stake in shares of PBF Energy during the 2nd quarter valued at $149,000. Finally, Parallel Advisors LLC increased its position in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock valued at $180,000 after purchasing an additional 242 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.
About PBF Energy
(
Get Free Report)
PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.
PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.
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