Key Points
- Control Empresarial De Capital sold 170,000 PBF Energy shares at an average price of $88.03, generating approximately $14.97 million. The insider retained 13.33 million shares, and the sale reduced its position by 1.26%.
- PBF Energy shares were trading near a 12-month high, opening at $91.21 after rising 7.3%. The company recently beat quarterly earnings and revenue expectations, reporting $6.22 in EPS on $11.68 billion in revenue.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $65.55, despite institutional investors owning 96.29% of the stock. PBF also pays a quarterly dividend of $0.275 per share, equivalent to a 1.2% annual yield.
PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 170,000 shares of PBF Energy stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $88.03, for a total value of $14,965,100.00. Following the transaction, the insider owned 13,326,127 shares in the company, valued at $1,173,098,959.81. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, October 5th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $84.13, for a total value of $10,095,600.00.
- On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $82.00, for a total value 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 value 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 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.
PBF Energy Trading Up 7.3%
Shares of NYSE:PBF opened at $91.21 on Wednesday. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $91.53. 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 company's fifty day simple moving average is $74.59 and its 200 day simple moving average is $56.54. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.06 and a beta of 0.18.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating the consensus estimate of $4.15 by $2.07. The business had revenue of $11.68 billion for the quarter, compared to analysts' expectations of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm's revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.03) EPS. As a group, research analysts forecast that PBF Energy Inc. will post 24.69 EPS for the current fiscal year.
PBF Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.2750 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 14th. PBF Energy's dividend payout ratio is 9.73%.
Institutional Investors Weigh In On PBF Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Leonteq Securities AG acquired a new stake in shares of PBF Energy during the 1st quarter worth about $33,000. IFP Advisors Inc boosted its holdings in shares of PBF Energy by 68.7% during the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company's stock worth $66,000 after buying an additional 591 shares during the period. Wedmont Private Capital bought a new stake in shares of PBF Energy during the 3rd quarter worth about $186,000. Strs Ohio bought a new stake in shares of PBF Energy during the 1st quarter worth about $143,000. Finally, Riversedge Advisors LLC acquired a new position in PBF Energy in the 3rd quarter valued at about $234,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Zacks Research upgraded PBF Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. BMO Capital Markets reiterated a "market perform" rating on shares of PBF Energy in a report on Thursday, October 1st. Freedom Capital downgraded PBF Energy from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. TD Cowen reissued a "hold" rating on shares of PBF Energy in a research report on Thursday, October 1st. Finally, Mizuho lifted their target price on PBF Energy from $65.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.55.
View Our Latest Research Report on PBF Energy
PBF Energy Company Profile
(
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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