Control Empresarial De Capital Sells 3,494 Shares of PBF Energy (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital sold 3,494 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $77.23, for a total transaction of $269,841.62. Following the transaction, the insider owned 14,181,903 shares in the company, valued at approximately $1,095,268,368.69. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Control Empresarial De Capital also recently made the following trade(s):

  • On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total transaction of $24,561,057.28.
  • On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $77.02, for a total transaction of $7,702,000.00.
  • On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The stock was sold at an average price of $74.79, for a total transaction of $8,974,800.00.
  • On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total value of $472,123.68.
  • On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total value of $15,157,800.00.
  • On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $70.13, for a total value of $10,519,500.00.
  • On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were 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 stock was 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 stock was 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 stock was sold at an average price of $54.52, for a total value of $5,452,000.00.

PBF Energy Stock Up 1.5%

Shares of NYSE:PBF opened at $78.25 on Friday. PBF Energy Inc. has a 1 year low of $25.62 and a 1 year high of $82.61. The company has a market capitalization of $9.28 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.09 and a beta of 0.09. The business has a fifty day moving average price of $66.93 and a two-hundred day moving average price of $50.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67.

PBF Energy (NYSE:PBFGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. The company had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.03) EPS. Analysts forecast that PBF Energy Inc. will post 17.89 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PBF. Freedom Capital lowered shares of PBF Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Mizuho upped their price objective on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their target price on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, June 12th. Finally, Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, PBF Energy presently has a consensus rating of “Hold” and a consensus target price of $53.42.

Read Our Latest Research Report on PBF

Institutional Trading of PBF Energy

A number of institutional investors have recently added to or reduced their stakes in PBF. California State Teachers Retirement System increased its holdings in PBF Energy by 4,932.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,096,920 shares of the oil and gas company’s stock worth $232,012,000 after acquiring an additional 4,995,638 shares during the period. Goldman Sachs Group Inc. boosted its holdings in PBF Energy by 127.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after purchasing an additional 3,550,820 shares during the period. Invesco Ltd. grew its position in shares of 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 purchasing an additional 1,651,516 shares in the last quarter. AQR Capital Management LLC grew its position in shares of PBF Energy by 230.7% during the 2nd 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 purchasing an additional 1,454,500 shares in the last quarter. Finally, Norges Bank bought a new position in shares of PBF Energy in the fourth quarter worth $34,243,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About PBF Energy

(Get Free Report)

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other petroleum products. Through its refining operations, the company processes crude oil and other feedstocks into products used by commercial, industrial and consumer customers.

The company operates refineries in several regions of the United States, including the East Coast, Gulf Coast, Midwest and West Coast. Its refinery portfolio includes facilities in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; and Torrance, California.

See Also

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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