PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 150,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 150,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $28.66 per share, for a total transaction of $4,299,000.00. Following the acquisition, the insider now directly owns 26,112,498 shares in the company, valued at $748,384,192.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The stock was purchased 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 stock was purchased at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital bought 55,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.93 per share, for a total transaction 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 price of $31.87 per share, for a total transaction 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 price of $31.78 per share, for a total transaction 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 price of $31.29 per share, for a total transaction 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 price of $32.62 per share, for a total transaction of $26,268,886.00.

PBF Energy Price Performance

NYSE:PBF traded up $0.49 on Tuesday, reaching $28.84. The stock had a trading volume of 2,363,453 shares, compared to its average volume of 2,178,397. The company has a market capitalization of $3.38 billion, a P/E ratio of -11.14 and a beta of 1.56. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $31.98 and a 200-day moving average price of $39.86.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the firm posted $6.61 earnings per share. The company’s revenue was down 21.9% on a year-over-year basis. Research analysts forecast that PBF Energy Inc. will post -2.32 EPS for the current year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.81%. PBF Energy’s payout ratio is currently -42.47%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PBF shares. Morgan Stanley dropped their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $42.00 to $35.00 in a research report on Friday, October 4th. UBS Group decreased their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Scotiabank decreased their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.18.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in shares of PBF Energy during the second quarter worth approximately $26,000. CWM LLC raised its stake in shares of 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 buying an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of PBF Energy during the third quarter worth approximately $59,000. Blue Trust Inc. raised its stake in shares of PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of PBF Energy by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after buying an additional 573 shares during the last quarter. 96.29% of the stock is 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.