Does PBF Energy Inc. (PBF) Have Insiders Selling Shares?


As of Friday close, PBF Energy Inc.’s (NYSE:PBF) stock was down -$0.12, moving down -0.30 percent to $40.42. The average number of shares traded per day over the past five days has been 4,730,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.86 fall in that time frame. In the last twenty days, the average volume was 3,288,470, while in the previous 50 days, it was 2,773,310.

Since last month, PBF stock retreated -3.26%. Shares of the company fell to $37.32 on 03/15/23, the lowest level in the past month. A 52-week high of $49.00 was reached on 03/03/23 after having rallying from a 52-week low of $20.04. Since the beginning of this year, PBF’s stock price has dropped by -0.88% or -$0.36, and marked a new high 9 times. However, the stock has declined by -17.51% since its 52-week high.

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PBF stock investors should be aware that PBF Energy Inc. (PBF) stock had its last reported insider trading activity 134 days ago on Nov 04. Davis Paul T, the Senior Vice President of the company, disposed of 117,500 shares for $47.28 on Nov 04. It resulted in a $5,555,729 divestment by the insider. Barone John C sold 32,500 shares at an average price of $45.97 on Nov 01. The insider now owns 14,662 shares following the transaction. On Aug 23, Senior Vice President O Connor Thomas L sold 100,000 shares at $37.54 apiece. The transaction was valued at $3,753,540.

Valuation Metrics

Right now, PBF Energy Inc. (PBF) has a P/E ratio of about 1.79. The stock’s beta is 1.97. Besides these, the trailing price-to-sales (P/S) ratio of 0.11, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 1.11 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Thursday October 27 2022, a $0.10 dividend decrease was announced.

Financial Health

In the three months ended September 29, PBF Energy Inc.’s quick ratio stood at 0.70, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.30, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 16.60% percent. In the year ended September 29, operating margins totaled 8.70%. Based on annual data, PBF earned $4.15 billion in gross profit and brought in $46.83 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 50.30%. Return on equity (ROE) for the past 12 months was 81.00%.

In PBF Energy Inc.’s quarter-end financial report for September 29, it reported total debt of $1.43 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PBF’s revenue rose 23.99% to $12.76 billion during the quarter, while net income inched up to $10.85 billion. While analysts expected PBF Energy Inc. to report $6.49 quarterly earnings, the actual figure was $7.96 per share, beating the consensus estimate by 22.70%. During the quarter, the company generated $1.1 billion in EBITDA. The liabilities of PBF Energy Inc. were 8.49 billion at the end of its most recent quarter ended September 29, and its total debt was $2.66 billion. The value of shareholders’ equity is $128.97 million.

Technical Picture

This quick technical analysis looks at PBF Energy Inc.’s (PBF) price momentum. With a historical volatility rate of 45.32%, the RSI 9-day stood at 36.89% on 17 March.

With respect to its five-day moving average, the current PBF Energy Inc. price is down by -8.72% percent or -$3.86. At present, PBF shares trade -10.06% below its 20-day simple moving average and -6.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately +8.80% above its SMA50 and +21.75% above its SMA200.

Stochastic coefficient K was 24.33% and Stochastic coefficient D was 18.92%, while ATR was 2.62. Given the Stochastic reading of 27.69% for the 14-day period, the RSI (14) reading has been calculated as 42.02%. As of today, the MACD Oscillator reading stands at -2.60, while the 14-day reading stands at -4.03.

Analyst Ratings

UBS launched its rating on PBF Energy Inc. (NYSE: PBF) to a Neutral in a note to investors on March 09, 2023. PBF Energy Inc. (PBF) has been rated Overweight by analysts. According to 0 brokerage firms, PBF is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PBF Energy Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $53.00, the current consensus forecast for the stock is $36.00 – $74.00. Based on these forecasts, analysts predict PBF Energy Inc. (PBF) will achieve an average price target of $52.15.


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