Monitoring PBF Energy Inc. (PBF) after recent insider movements


PBF Energy Inc.’s recent filing unveils that its Senior Vice President Davis Paul T unloaded Company’s shares for reported $5.56 million on Nov 04. In the deal valued at $47.28 per share,117,500 shares were sold. As a result of this transaction, Davis Paul T now holds 44,126 shares worth roughly $ 2.08 million.

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Then, Barone John C sold 32,500 shares, generating $1,493,937 in total proceeds. Upon selling the shares at $45.97, the Principal Accounting Officer now owns 14,662 shares.

Before that, O Connor Thomas L sold 100,000 shares. PBF Energy Inc. shares valued at $3,753,540 were divested by the Senior Vice President at a price of $37.54 per share. As a result of the transaction, O Connor Thomas L now holds 80,000 shares, worth roughly $3.77 million.

PT values the company’s stock at a premium of 5.66 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. Wolfe Research also remained covering PBF and has increased its forecast on September 15, 2022 with a “an Outperform” recommendation from previously “an Underperform” rating. Wells Fargo revised its rating on June 14, 2022. It rated PBF as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of PBF

On Monday, PBF Energy Inc. [NYSE:PBF] saw its stock fall -1.87% to $47.17. On the same session, the stock had its day’s lowest price of $46.77, but rose to a high of $47.75. Over the last five days, the stock has gained 5.38%. PBF Energy Inc. shares have risen nearly 15.67% since the year began. Nevertheless, the stocks have risen 172.19% over the past one year. While a 52-week high of $49.00 was reached on 03/03/23, a 52-week low of $17.11 was recorded on 01/04/23. SMA at 50 days reached $41.67, while 200 days put it at $37.43. A total of 1.91 million shares were traded, compared to the trading of 2.07 million shares in the previous session.

Levels Of Support And Resistance For PBF Stock

The 24-hour chart illustrates a support level at 46.71, which if violated will result in even more drops to 46.25. On the upside, there is a resistance level at 47.69. A further resistance level may holdings at 48.21. The Relative Strength Index (RSI) on the 14-day chart is 61.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.80%. Stochastics %K at 90.14% indicates the stock is a selling.

How much short interest is there in PBF Energy Inc.?

A steep rise in short interest was recorded in PBF Energy Inc. stocks on Jan 12, 2023, dropping by -1.07 million shares to a total of 9.14 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 10.21 million shares. There was a decline of -11.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.01.

PBF Energy Inc. [PBF] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,310,427 shares, or roughly 10.05% of the outstanding PBF shares. In other words, the investor’s shares have fallen by -670,875 from its previous 13-F filing of 12981302.0. Additionally, BlackRock Fund Advisors decreased -21.59% of its stake after which the total value it holdings stand at $495,612,715, while SSgA Funds Management, Inc. added 0.75% of its stake to hold $278.66 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 119,256 shares of PBF Energy Inc., while DWS Investments bought 2,281,397 shares. At present, Arrowstreet Capital LP is holding 3,004,478 shares valued at $126.16 million. First Trust Advisors LP owned 2,754,600 shares of the company at the time of its most recent 13F filing, worth $115.67 million.


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