PBF Energy Inc. (NYSE:PBF – Get Free Report) CFO Joseph Daniel Marino sold 4,033 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $69.15, for a total value of $278,881.95. Following the completion of the transaction, the chief financial officer directly owned 48,851 shares of the company’s stock, valued at approximately $3,378,046.65. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
PBF Energy Stock Performance
Shares of PBF opened at $71.88 on Friday. The stock has a 50 day moving average of $54.37 and a 200 day moving average of $45.37. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.08 and a beta of 0.10. PBF Energy Inc. has a 12 month low of $22.13 and a 12 month high of $74.74. 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 posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping 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 return on equity of 11.27% and a net margin of 3.94%.The business’s revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.03) earnings per share. As a group, sell-side analysts forecast that PBF Energy Inc. will post 15.74 earnings per share for the current year.
PBF Energy Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on PBF shares. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Scotiabank boosted their target price on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research report on Friday, August 7th. Finally, The Goldman Sachs Group raised their price target on shares of PBF Energy from $51.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, PBF Energy presently has a consensus rating of “Reduce” and an average target price of $50.15.
View Our Latest Analysis on PBF Energy
PBF Energy News Summary
Here are the key news stories impacting PBF Energy this week:
- Positive Sentiment: PBF Energy’s recent earnings momentum remains a supportive backdrop. The refiner reported quarterly EPS of $6.22 versus the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion. Analysts currently project approximately $15.74 in full-year EPS.
- Positive Sentiment: The company declared a quarterly dividend of $0.275 per share, or $1.10 annualized, with a payout ratio of about 9.7%. The relatively low payout ratio suggests meaningful coverage if refining profitability remains strong. PBF Energy dividend article
- Neutral Sentiment: Analyst views remain divided. Some firms have raised price targets alongside improving refining conditions, but the overall consensus rating is “Reduce,” with an average price target of $50.15—well below recent trading levels. This reflects concerns that refining-cycle strength and elevated margins may not persist.
- Negative Sentiment: Insiders disclosed several sizeable sales: Control Empresarial De Capital sold 370,375 shares for approximately $25.7 million, Director Thomas J. Nimbley sold about $17.6 million, and SVP Paul T. Davis sold roughly $4.5 million. CFO Joseph Daniel Marino also sold 4,033 shares for approximately $279,000. The director and SVP reduced their holdings by about 24.7% and 25.7%, respectively, adding to investor concerns about insider profit-taking. PBF Energy insider sales article
Institutional Investors Weigh In On PBF Energy
Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in PBF Energy by 63.6% in the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock valued at $590,000 after acquiring an additional 12,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PBF Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 2,609 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in PBF Energy by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock worth $4,996,000 after purchasing an additional 12,289 shares during the period. Acadian Asset Management LLC increased its stake in shares of PBF Energy by 261.0% in the first quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,354 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of PBF Energy in the second quarter worth about $1,143,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than PBF Energy
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.
