PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 57,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 57,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $31.70 per share, with a total value of $1,806,900.00. Following the transaction, the insider now owns 26,739,498 shares of the company’s stock, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased 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 bought 85,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 stock was bought at an average price of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were purchased 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 acquired 75,000 shares of PBF Energy stock. The shares were bought 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 shares were acquired at an average price of $31.91 per share, with a total value 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 acquired 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 purchased 55,000 shares of PBF Energy stock. The stock was acquired at an average cost of $30.85 per share, with a total value 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 price of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.87 per share, for a total transaction of $8,445,550.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $31.39 on Thursday. The company has a fifty day moving average price of $31.49 and a two-hundred day moving average price of $37.44. PBF Energy Inc. has a one year low of $27.94 and a one year high of $62.88. The stock has a market cap of $3.61 billion, a P/E ratio of -12.12 and a beta of 1.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter last year, the business posted $6.61 earnings per share. As a group, equities analysts predict that PBF Energy Inc. will post -2.86 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 dividend of $0.275 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Wednesday, November 13th. PBF Energy’s payout ratio is currently -42.47%.

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently added to or reduced their stakes in PBF. National Bank of Canada FI bought a new position in PBF Energy during the second quarter worth $26,000. Quarry LP bought a new stake in shares of PBF Energy during the 3rd quarter worth about $48,000. CWM LLC grew its stake in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in PBF Energy in the 3rd quarter valued at about $59,000. Finally, Blue Trust Inc. lifted its position in 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 acquiring an additional 2,027 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Bank of America started coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price for the company. 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. Mizuho decreased their price target on shares of PBF Energy from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Piper Sandler downgraded shares of PBF Energy from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and a consensus price target of $34.18.

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.