Connor Thomas O Sells 25,997 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) SVP Connor Thomas O sold 25,997 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $40.00, for a total value of $1,039,880.00. Following the completion of the transaction, the senior vice president owned 205,340 shares in the company, valued at $8,213,600. The trade was a 11.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PBF Energy Stock Performance

PBF stock opened at $37.41 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.38 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.33 billion, a PE ratio of -8.05 and a beta of 0.79. The business has a 50 day moving average of $31.70 and a 200-day moving average of $25.72. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $41.47.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, October 30th. The oil and gas company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.17. The business had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.47 billion. PBF Energy had a negative return on equity of 15.88% and a negative net margin of 1.78%.The business’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.50) earnings per share. As a group, sell-side analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th. PBF Energy’s payout ratio is -23.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PBF. T. Rowe Price Investment Management Inc. lifted its holdings in PBF Energy by 170.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company’s stock worth $109,364,000 after purchasing an additional 3,612,447 shares in the last quarter. Invesco Ltd. grew its holdings in PBF Energy by 147.4% during 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 shares of PBF Energy by 230.7% during the second 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 during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock worth $36,577,000 after buying an additional 1,159,628 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of PBF Energy in the second quarter worth about $24,599,000. 96.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PBF shares. Wall Street Zen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group increased their target price on shares of PBF Energy from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PBF Energy in a report on Wednesday, October 8th. UBS Group upped their price objective on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, TD Cowen raised their target price on PBF Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $27.83.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.