PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 300,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $29.01 per share, with a total value of $8,703,000.00. Following the completion of the acquisition, the insider now directly owns 25,640,498 shares in the company, valued at approximately $743,830,846.98. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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, with a total value 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, 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 purchased at an average price of $31.75 per share, with a total value 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, with a total value 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, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital bought 265,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital bought 250,000 shares of PBF Energy stock. The stock was purchased 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 acquired 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, with a total value 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, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock. The shares were bought at an average price of $33.18 per share, with a total value of $16,921,800.00.

PBF Energy Trading Down 1.6 %

NYSE PBF opened at $28.07 on Friday. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.29 billion, a PE ratio of 4.67 and a beta of 1.55. The firm’s fifty day simple moving average is $32.15 and its 200-day simple moving average is $40.48.

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 ($1.40) by ($0.10). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company posted $6.61 earnings per share. The company’s revenue was down 21.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -2.27 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 3.92%. PBF Energy’s dividend payout ratio is 16.64%.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in PBF Energy by 32.9% during the second 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 buying an additional 347,268 shares in the last quarter. LSV Asset Management raised its holdings in PBF Energy by 2.7% during the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock valued at $59,409,000 after buying an additional 34,470 shares in the last quarter. American Century Companies Inc. raised its holdings in 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 valued at $45,712,000 after buying an additional 32,862 shares in the last quarter. Private Management Group Inc. raised its holdings in PBF Energy by 27.5% during the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock valued at $26,267,000 after buying an additional 183,183 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in PBF Energy by 14.8% during the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after buying an additional 84,532 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of recent research reports. Piper Sandler downgraded PBF Energy from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $47.00 to $25.00 in a research report on Friday, September 20th. Wells Fargo & Company cut their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Morgan Stanley reduced their target price on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Mizuho reduced their target price on PBF Energy from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average target price of $34.45.

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.