PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 150,000 shares of PBF Energy stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $70.13, for a total value of $10,519,500.00. Following the sale, the insider directly owned 14,621,753 shares of the company’s stock, valued at $1,025,423,537.89. This represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Control Empresarial De Capital also recently made the following trade(s):
- 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 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.
- On Thursday, July 9th, Control Empresarial De Capital sold 270,000 shares of PBF Energy stock. The stock was sold at an average price of $53.18, for a total value of $14,358,600.00.
- On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The stock was sold at an average price of $52.29, for a total transaction of $19,870,200.00.
- On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $49.14, for a total transaction of $9,828,000.00.
- On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $46.94, for a total transaction of $9,388,000.00.
- On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total transaction of $13,062,000.00.
- On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The stock was sold at an average price of $46.36, for a total transaction of $26,425,200.00.
PBF Energy Price Performance
Shares of PBF Energy stock traded up $4.08 on Thursday, hitting $74.42. 2,389,783 shares of the company traded hands, compared to its average volume of 3,378,214. The firm’s 50-day simple moving average is $53.15 and its 200 day simple moving average is $44.89. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.82 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.08 and a beta of 0.10. PBF Energy Inc. has a 12-month low of $22.08 and a 12-month high of $74.74.
PBF Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. PBF Energy’s dividend payout ratio is presently 9.73%.
Institutional Investors Weigh In On PBF Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Torren Management LLC purchased a new stake in PBF Energy during the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new position in PBF Energy in the 4th quarter worth approximately $31,000. Leonteq Securities AG purchased a new stake in shares of PBF Energy during the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its stake in shares of PBF Energy by 65.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of PBF Energy in the fourth quarter worth approximately $57,000. Institutional investors own 96.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on PBF shares. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a report on Friday, August 7th. Citigroup upped their target price on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. 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 research report on Tuesday, August 4th. Morgan Stanley lifted their price target on shares of PBF Energy from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $50.15.
Get Our Latest Analysis on PBF
About PBF Energy
PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.
The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.
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