Insider Selling: PBF Energy Inc. (NYSE:PBF) SVP Sells $5,637,000.00 in Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) SVP Paul T. Davis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $56.37, for a total transaction of $5,637,000.00. Following the transaction, the senior vice president now directly owns 110,978 shares in the company, valued at $6,255,829.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $57.57 on Friday. The firm has a fifty day simple moving average of $50.87 and a 200-day simple moving average of $47.82. The company has a current ratio of 1.56, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. PBF Energy Inc. has a 1-year low of $31.25 and a 1-year high of $58.65. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 3.50 and a beta of 1.71.

PBF Energy (NYSE:PBFGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.49). PBF Energy had a return on equity of 23.69% and a net margin of 5.59%. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.65 billion. During the same quarter in the previous year, the firm posted $4.41 earnings per share. PBF Energy’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, sell-side analysts expect that PBF Energy Inc. will post 6.13 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, February 28th. PBF Energy’s dividend payout ratio (DPR) is presently 6.08%.

Institutional Trading of PBF Energy

A number of hedge funds have recently bought and sold shares of PBF. Creekmur Asset Management LLC bought a new stake in PBF Energy in the 4th quarter valued at $29,000. Fifth Third Bancorp boosted its holdings 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 valued at $43,000 after purchasing an additional 230 shares during the period. Fortitude Family Office LLC bought a new stake in PBF Energy in the 4th quarter valued at $44,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in PBF Energy in the 1st quarter valued at $48,000. Finally, Farther Finance Advisors LLC boosted its holdings 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 valued at $50,000 after purchasing an additional 999 shares during the period. 96.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on PBF shares. Piper Sandler reiterated a “neutral” rating and issued a $50.00 target price (down from $65.00) on shares of PBF Energy in a research note on Monday, January 8th. Wells Fargo & Company lifted their target price on shares of PBF Energy from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Mizuho cut shares of PBF Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Finally, TD Cowen lifted their target price 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.50.

Read Our Latest Report on PBF

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.

Read More

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

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.