Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases $26,268,886.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 805,300 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $32.62 per share, for a total transaction of $26,268,886.00. Following the completion of the transaction, the insider now directly owns 20,634,898 shares in the company, valued at $673,110,372.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The stock was purchased at an average cost of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock. The stock was purchased at an average cost 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 shares were acquired 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 bought 140,000 shares of PBF Energy stock. The stock was acquired at an average cost of $45.73 per share, with a total value of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital purchased 102,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 stock was acquired at an average price of $44.31 per share, with a total value of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital bought 365,200 shares of PBF Energy stock. The shares were bought at an average price of $43.84 per share, for a total transaction of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital purchased 38,000 shares of PBF Energy stock. The stock was bought at an average price of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The stock was bought at an average cost of $44.13 per share, for a total transaction of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital bought 403,400 shares of PBF Energy stock. The shares were purchased at an average price of $44.36 per share, with a total value of $17,894,824.00.

PBF Energy Stock Performance

Shares of PBF opened at $31.15 on Thursday. The company has a market cap of $3.65 billion, a PE ratio of 2.16 and a beta of 1.57. The firm has a 50-day moving average of $37.01 and a 200-day moving average of $46.30. PBF Energy Inc. has a one year low of $30.61 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75.

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

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares during the period. National Bank of Canada FI bought a new stake in shares of PBF Energy during the 2nd quarter worth about $26,000. Rise Advisors LLC acquired a new position in PBF Energy in the 1st quarter valued at about $27,000. Creekmur Asset Management LLC bought a new position in PBF Energy in the 4th quarter valued at about $29,000. Finally, CWM LLC lifted its position in PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Scotiabank cut their target price on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a report on Monday. UBS Group reduced their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Wolfe Research initiated coverage on shares of PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.30.

About PBF Energy

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.