Insider Selling: PBF Energy Inc. (NYSE:PBF) SVP Sells $2,234,800.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) SVP Connor Thomas L. O sold 40,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $55.87, for a total transaction of $2,234,800.00. Following the completion of the transaction, the senior vice president now owns 160,338 shares in the company, valued at $8,958,084.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PBF Energy Stock Performance

PBF Energy stock opened at $56.29 on Friday. The firm’s fifty day moving average price is $49.43 and its 200-day moving average price is $47.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.56. The stock has a market cap of $6.73 billion, a P/E ratio of 3.42 and a beta of 1.71. PBF Energy Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $58.65.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.49). The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.65 billion. PBF Energy had a net margin of 5.59% and a return on equity of 23.69%. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 EPS. On average, equities research analysts expect that PBF Energy Inc. will post 6.01 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, February 28th. PBF Energy’s payout ratio is presently 6.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $74.00 in a research note on Friday, March 15th. TD Cowen upped their price target on shares of PBF Energy from $35.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. UBS Group dropped their price target on shares of PBF Energy from $53.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, December 7th. Piper Sandler restated a “neutral” rating and set a $50.00 price target (down from $65.00) on shares of PBF Energy in a research note on Monday, January 8th. Finally, Mizuho cut shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $53.00 to $58.00 in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Read Our Latest Report on PBF

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently added to or reduced their stakes in PBF. Creekmur Asset Management LLC purchased a new position in PBF Energy in the 4th quarter worth $29,000. Fifth Third Bancorp raised its position in PBF Energy by 39.8% in the 3rd quarter. Fifth Third Bancorp now owns 808 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Fortitude Family Office LLC purchased a new position in PBF Energy in the 4th quarter worth $44,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in PBF Energy in the 1st quarter worth $48,000. Finally, Farther Finance Advisors LLC raised its position in PBF Energy by 473.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,210 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 999 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

PBF Energy Company Profile

(Get Free Report)

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.

See Also

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

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