PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 510,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 510,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $33.18 per share, with a total value of $16,921,800.00. Following the purchase, the insider now directly owns 19,129,598 shares of the company’s stock, valued at $634,720,061.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Control Empresarial De Capital also recently made the following trade(s):

• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The shares were bought at an average price of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The stock was purchased at an average cost of $39.22 per share, for a total transaction of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital purchased 140,000 shares of PBF Energy stock. The shares were bought at an average cost of $45.73 per share, for a total transaction of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital bought 102,000 shares of PBF Energy stock. The stock was purchased at an average price of $44.91 per share, for a total transaction of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were bought at an average price of $44.31 per share, for a total transaction of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital bought 365,200 shares of PBF Energy stock. The shares were acquired at an average cost of $43.84 per share, with a total value of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital bought 38,000 shares of PBF Energy stock. The shares were acquired at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital bought 600,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.13 per share, with a total value of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital bought 403,400 shares of PBF Energy stock. The shares were acquired at an average cost of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock. The stock was purchased at an average cost of $45.65 per share, with a total value of $342,375.00.

PBF Energy Stock Down 2.5 %

PBF stock opened at $32.23 on Friday. PBF Energy Inc. has a twelve month low of $32.14 and a twelve month high of $62.88. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.78 billion, a P/E ratio of 2.23 and a beta of 1.57. The firm has a 50 day simple moving average of $38.15 and a 200-day simple moving average of $46.73.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period in the previous year, the business posted $2.29 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts predict that PBF Energy Inc. will post 1.61 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Analyst Ratings Changes

PBF has been the subject of several recent research reports. Piper Sandler lowered their price objective on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Wolfe Research initiated coverage on shares of PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. UBS Group lowered their price objective on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Finally, Mizuho lowered their price objective on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.30.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently added to or reduced their stakes in PBF. International Assets Investment Management LLC lifted its stake in PBF Energy by 4,296.0% during the fourth quarter. International Assets Investment Management LLC now owns 120,670 shares of the oil and gas company’s stock worth $5,305,000 after purchasing an additional 117,925 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in PBF Energy during the fourth quarter worth $314,000. Private Advisor Group LLC bought a new position in PBF Energy during the fourth quarter worth $283,000. Versor Investments LP lifted its stake in PBF Energy by 38.8% in the fourth quarter. Versor Investments LP now owns 13,959 shares of the oil and gas company’s stock valued at $614,000 after buying an additional 3,900 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in PBF Energy by 162.1% in the fourth quarter. BNP Paribas Financial Markets now owns 135,835 shares of the oil and gas company’s stock valued at $5,971,000 after buying an additional 84,003 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Company Profile

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.