PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 100,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average price of $29.60 per share, with a total value of $2,960,000.00. Following the completion of the transaction, the insider now directly owns 29,084,998 shares in the company, valued at approximately $860,915,940.80. This represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The stock was bought at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was bought at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The stock was acquired 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 shares were 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 bought 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.28 per share, with a total value of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.66 per share, for a total transaction of $4,299,000.00.

PBF Energy Price Performance

PBF stock opened at $29.90 on Friday. The business has a 50 day simple moving average of $29.15 and a 200-day simple moving average of $32.44. PBF Energy Inc. has a twelve month low of $24.21 and a twelve month high of $62.88. The company has a market capitalization of $3.44 billion, a P/E ratio of -11.55 and a beta of 1.61. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last posted its quarterly 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 net margin of 0.84% and a negative return on equity of 2.84%. The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the firm earned $6.61 earnings per share. The firm’s quarterly revenue was down 21.9% compared to the same quarter last year. As a group, equities analysts anticipate that PBF Energy Inc. will post -3.5 EPS for the current year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.275 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.68%. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Institutional Trading of PBF Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP acquired a new position in PBF Energy in the third quarter worth $48,000. Harbor Capital Advisors Inc. acquired a new stake in PBF Energy during the third quarter worth about $59,000. Blue Trust Inc. increased its position in PBF Energy by 1,291.1% in 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $68,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PBF. The Goldman Sachs Group reduced their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Bank of America started coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective on the stock. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and reduced their target price for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Scotiabank dropped their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.