PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital sold 200,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $49.14, for a total value of $9,828,000.00. Following the transaction, the insider owned 16,462,128 shares of the company’s stock, valued at $808,948,969.92. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- 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 shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00.
- On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total transaction of $8,558,000.00.
- On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total transaction of $8,635,995.70.
- On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total transaction of $4,317,000.00.
- On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were 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 shares were 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 value 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 value of $10,100,200.00.
PBF Energy Stock Performance
PBF stock opened at $52.89 on Thursday. PBF Energy Inc. has a 1-year low of $21.24 and a 1-year high of $53.18. 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 market cap of $6.26 billion, a PE ratio of 14.26, a P/E/G ratio of 0.14 and a beta of 0.11. The business’s 50-day moving average price is $42.29 and its two-hundred day moving average price is $38.89.
PBF Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is 29.65%.
Hedge Funds Weigh In On PBF Energy
Several institutional investors and hedge funds have recently modified their holdings of the business. Torren Management LLC acquired a new position in PBF Energy in the fourth quarter valued at about $30,000. Los Angeles Capital Management LLC bought a new stake in shares of PBF Energy during the 4th quarter worth approximately $31,000. Leonteq Securities AG acquired a new stake in shares of PBF Energy during the 1st quarter worth approximately $33,000. Smartleaf Asset Management LLC boosted its position in shares of PBF Energy by 65.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in PBF Energy in the fourth quarter valued at approximately $57,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. TD Cowen upgraded shares of PBF Energy from a “sell” rating to a “hold” rating and upped their price target for the company from $36.00 to $39.00 in a report on Monday, June 29th. Morgan Stanley boosted their price objective on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, June 12th. BMO Capital Markets increased their target price on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. The Goldman Sachs Group assumed coverage on PBF Energy in a research note on Friday, April 10th. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, Citigroup lifted their target price on PBF Energy from $36.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, PBF Energy has a consensus rating of “Reduce” and a consensus target price of $36.69.
Get Our Latest Report on PBF Energy
PBF Energy Company Profile
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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