PBF Energy Inc. (NYSE:PBF) Insider Acquires $2,368,500.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 75,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $31.58 per share, with a total value of $2,368,500.00. Following the completion of the acquisition, the insider now directly owns 25,026,498 shares in the company, valued at $790,336,806.84. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The stock was acquired at an average price of $31.91 per share, for a total transaction of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital bought 1,000,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The stock was bought at an average cost of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were bought at an average cost of $30.93 per share, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital acquired 805,300 shares of PBF Energy stock. The shares were bought at an average cost of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock. The shares were bought 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 acquired 50,000 shares of PBF Energy stock. The shares were bought at an average cost of $35.60 per share, with a total value of $1,780,000.00.

PBF Energy Stock Down 0.9 %

PBF traded down $0.25 during trading on Wednesday, reaching $28.83. 3,800,024 shares of the stock traded hands, compared to its average volume of 2,166,420. PBF Energy Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $62.88. The stock’s 50-day simple moving average is $32.49 and its two-hundred day simple moving average is $40.86. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 4.84 and a beta of 1.55. 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 announced 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 during the quarter, compared to analyst estimates of $8.64 billion. During the same period in the prior year, the firm earned $2.29 EPS. PBF Energy’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts expect that PBF Energy Inc. will post -2.27 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. PBF Energy’s dividend payout ratio is currently 16.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PBF shares. BMO Capital Markets lowered PBF Energy from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $42.00 to $35.00 in a report on Friday, October 4th. Wolfe Research started coverage on PBF Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $47.00 to $25.00 in a report on Friday, September 20th. Mizuho reduced their target price on PBF Energy from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group reduced their target price on PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.09.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Systems of Alabama increased its stake in shares of PBF Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after purchasing an additional 359 shares during the period. US Bancorp DE increased its stake in shares of PBF Energy by 5.3% in the first quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 395 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of PBF Energy by 1.7% in the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after purchasing an additional 485 shares during the period. Highland Capital Management LLC increased its stake in shares of PBF Energy by 14.2% in the second quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company’s stock worth $202,000 after purchasing an additional 546 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of PBF Energy in the second quarter worth about $26,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.