PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 341,500 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 341,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $26.86 per share, for a total transaction of $9,172,690.00. Following the purchase, the insider now owns 28,814,998 shares of the company’s stock, valued at $773,970,846.28. The trade was a 1.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was bought at an average cost of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital acquired 195,000 shares of PBF Energy stock. The shares were bought at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The shares were acquired at an average cost of $29.01 per share, with a total value of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital purchased 287,100 shares of PBF Energy stock. The shares were acquired at an average price of $31.91 per share, with a total value of $9,161,361.00.

PBF Energy Stock Performance

PBF stock opened at $25.15 on Friday. The company has a 50 day moving average price of $30.63 and a 200 day moving average price of $35.30. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The stock has a market capitalization of $2.90 billion, a PE ratio of -9.71 and a beta of 1.57.

PBF Energy (NYSE:PBF) last released 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 firm had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm earned $6.61 EPS. The company’s revenue was down 21.9% compared to the same quarter last year. Analysts forecast that PBF Energy Inc. will post -2.87 EPS for the current year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Wednesday, November 13th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is -42.47%.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of recent research reports. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $42.00 to $35.00 in a report on Friday, October 4th. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Bank of America assumed coverage on shares of PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Morgan Stanley reduced their price target on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $32.45.

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in PBF Energy by 391.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock valued at $47,663,000 after acquiring an additional 1,226,909 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after purchasing an additional 347,268 shares during the period. LSV Asset Management boosted its position in shares of PBF Energy by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock worth $59,409,000 after purchasing an additional 34,470 shares during the last quarter. American Century Companies Inc. grew its stake in shares of PBF Energy by 3.4% during the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock worth $45,712,000 after purchasing an additional 32,862 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of PBF Energy by 132.6% during the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after purchasing an additional 492,053 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.