PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 40,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average price of $30.93 per share, with a total value of $1,237,200.00. Following the completion of the purchase, the insider now owns 23,407,398 shares of the company’s stock, valued at $723,990,820.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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.
• 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, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital bought 670,000 shares of PBF Energy stock. The stock was 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 purchased at an average cost of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were purchased at an average price of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock. The stock was acquired at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The stock was bought at an average cost of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital acquired 140,000 shares of PBF Energy stock. The stock was purchased at an average price of $45.73 per share, for a total transaction of $6,402,200.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $31.36 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. The stock has a market cap of $3.72 billion, a PE ratio of 2.14 and a beta of 1.56. PBF Energy Inc. has a 1 year low of $30.58 and a 1 year high of $62.88. The stock has a fifty day moving average price of $35.01 and a 200 day moving average price of $45.09.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. PBF Energy’s quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts forecast that PBF Energy Inc. will post 0.6 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. PBF Energy’s dividend payout ratio is presently 6.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in PBF Energy by 94.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 313,091 shares of the oil and gas company’s stock valued at $14,408,000 after buying an additional 152,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PBF Energy during the 2nd quarter worth about $275,000. Sanctuary Advisors LLC purchased a new stake in PBF Energy during the 2nd quarter worth about $1,176,000. Invst LLC raised its stake in PBF Energy by 6.2% in the 2nd quarter. Invst LLC now owns 16,554 shares of the oil and gas company’s stock valued at $770,000 after purchasing an additional 965 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in PBF Energy by 11.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 13,540 shares of the oil and gas company’s stock valued at $623,000 after purchasing an additional 1,436 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Wolfe Research assumed coverage on shares of PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Tudor Pickering upgraded PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. The Goldman Sachs Group cut their price target on PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Finally, Morgan Stanley lowered their price objective on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.91.

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.