PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital sold 315,776 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28. Following the transaction, the insider directly owned 13,866,127 shares of the company's stock, valued at approximately $1,078,507,358.06. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

• 3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply

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

• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was sold at an average price of $77.23, for a total transaction of $269,841.62.
• 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 shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $5,452,000.00.

PBF Energy Stock Up 1.5%

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Shares of PBF opened at $78.25 on Friday. PBF Energy Inc. has a 52 week low of $25.62 and a 52 week high of $82.61. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.09 and a beta of 0.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The stock has a fifty day moving average of $66.93 and a 200-day moving average of $50.88.

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PBF Energy (NYSE:PBF - Get Free Report) last issued its quarterly earnings data 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. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The business had revenue of $11.68 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the previous year, the company posted ($1.03) EPS. PBF Energy's quarterly revenue was up 56.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. PBF Energy's dividend payout ratio (DPR) is presently 9.73%.

Institutional Investors Weigh In On PBF Energy

• Leading Oil Refiner's Stock Climbs Despite Market Volatility

Several institutional investors and hedge funds have recently made changes to their positions in PBF. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy in the fourth quarter worth approximately $31,000. Leonteq Securities AG bought a new stake in PBF Energy in the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its position in 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 valued at $38,000 after purchasing an additional 579 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in PBF Energy during the 4th quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC raised its holdings in PBF Energy by 3,354.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company's stock worth $60,000 after purchasing an additional 2,147 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PBF. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PBF Energy in a research note on Friday, August 7th. UBS Group boosted their target price on shares of PBF Energy from $62.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Morgan Stanley upped their price target 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. Mizuho raised their price target on shares of PBF Energy from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group lifted their price target on shares of PBF Energy from $71.00 to $81.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, PBF Energy presently has a consensus rating of "Hold" and an average target price of $53.42.

View Our Latest Report on PBF

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.

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