PBF Energy Inc. (NYSE:PBF) investors might take interest in the company's latest filing, which reveals that Senior Vice President Thomas L. O'Connor has sold 10,000 shares of Class A Common Stock. The transaction, dated March 25, 2024, was executed at an average price of $57.15 per share, resulting in a total sale value of over $571,000.
This sale comes alongside O'Connor's acquisition of 10,000 shares through the exercise of options at a price of $30.89 per share, the same day, amounting to a total transaction value of $308,900. Notably, these options, now exercised, were granted to O'Connor on October 27, 2015, and were fully vested at the time of the transaction.
Following these transactions, O'Connor's direct ownership in PBF Energy stands at 160,338 shares of Class A Common Stock. Additionally, the filing indicates that O'Connor now owns 30,000 derivative securities in the form of employee stock options that are exercisable at $30.89 per share, expiring on October 27, 2025.
PBF Energy, a petroleum refining company incorporated in Delaware, has not provided any additional comments on these transactions at the time of reporting. The transactions were disclosed in accordance with SEC regulations and reflect the executive's trading activities with the company's stock.
InvestingPro Insights
Amidst the recent insider trading activity, PBF Energy Inc. (NYSE:PBF) has shown some notable financial metrics and strategic moves that could be of interest to investors. The company's management has been actively engaging in share buybacks, demonstrating confidence in the company's value and future prospects. This aligns with the InvestingPro Tip that PBF Energy is aggressively buying back shares, which can often be a positive signal to investors regarding the company's financial health and outlook.
On the financial front, PBF Energy's market capitalization stands at $6.7 billion, with an attractive P/E ratio of 3.27, and an adjusted P/E ratio from the last twelve months as of Q4 2023 at 4.88. These valuation metrics suggest that the company is trading at a low revenue valuation multiple, another InvestingPro Tip, which might indicate that the stock is undervalued compared to its earnings potential. Additionally, the company has a Price / Book ratio of 1.03, which can appeal to value-oriented investors.
While the company's gross profit margins have been identified as a weak point, with a margin of 7.72%, PBF Energy's strong returns over the last month and three months, at 15.51% and 22.8% respectively, may catch the attention of investors looking for recent positive performance. Moreover, InvestingPro highlights that PBF Energy has liquid assets that exceed short-term obligations, indicating a sound liquidity position.
For those interested in further analysis and additional insights, InvestingPro offers a wealth of tips, with 12 more InvestingPro Tips available for PBF Energy, which can be accessed by visiting https://www.investing.com/pro/PBF. To enhance your investing strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.