PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00. Following the transaction, the insider directly owned 18,117,698 shares of the company’s stock, valued at $782,141,022.66. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $43.58, for a total transaction of $9,587,600.00.
- On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The stock was sold at an average price of $43.56, for a total transaction of $1,350,360.00.
- On Monday, May 4th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $44.87, for a total transaction of $8,974,000.00.
- On Tuesday, May 5th, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00.
- On Thursday, April 30th, Control Empresarial De Capital sold 3,000 shares of PBF Energy stock. The stock was sold at an average price of $44.41, for a total transaction of $133,230.00.
- On Wednesday, April 29th, Control Empresarial De Capital sold 362,000 shares of PBF Energy stock. The stock was sold at an average price of $43.50, for a total transaction of $15,747,000.00.
- On Tuesday, April 7th, Control Empresarial De Capital sold 70,000 shares of PBF Energy stock. The stock was sold at an average price of $47.10, for a total transaction of $3,297,000.00.
- On Monday, April 6th, Control Empresarial De Capital sold 130,000 shares of PBF Energy stock. The stock was sold at an average price of $46.18, for a total transaction of $6,003,400.00.
- On Friday, March 27th, Control Empresarial De Capital sold 600,000 shares of PBF Energy stock. The shares were sold at an average price of $50.52, for a total transaction of $30,312,000.00.
- On Thursday, March 26th, Control Empresarial De Capital sold 637,000 shares of PBF Energy stock. The shares were sold at an average price of $49.96, for a total transaction of $31,824,520.00.
PBF Energy Price Performance
NYSE:PBF opened at $40.31 on Wednesday. PBF Energy Inc. has a 1-year low of $19.47 and a 1-year high of $52.18. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $41.96 and a 200 day simple moving average of $37.25. The stock has a market capitalization of $4.77 billion, a PE ratio of 10.86, a P/E/G ratio of 0.16 and a beta of 0.12.
PBF Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. PBF Energy’s dividend payout ratio (DPR) is currently 29.65%.
Hedge Funds Weigh In On PBF Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares during the period. State Street Corp boosted its position in PBF Energy by 1.3% during the fourth quarter. State Street Corp now owns 4,854,750 shares of the oil and gas company’s stock worth $131,661,000 after purchasing an additional 60,294 shares during the period. Dimensional Fund Advisors LP boosted its position in PBF Energy by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock worth $207,953,000 after purchasing an additional 454,731 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in PBF Energy by 54.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after purchasing an additional 1,137,533 shares during the period. Finally, Invesco Ltd. boosted its position in PBF Energy by 147.4% during the third quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after purchasing an additional 1,651,516 shares during the period. 96.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PBF. Morgan Stanley raised their target price on shares of PBF Energy from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Piper Sandler raised their target price on shares of PBF Energy from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Finally, BMO Capital Markets raised their target price on shares of PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.15.
Check Out Our Latest Research Report on PBF Energy
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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