PBF Energy Inc. (NYSE:PBF) Insider Acquires $4,299,000.00 in Stock

Posted by John Adams on Nov 6th, 2024

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital bought 150,000 shares of the stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $28.66 per share, with a total value of $4,299,000.00. Following the purchase, the insider now directly owns 26,112,498 shares of the company’s stock, valued at approximately $748,384,192.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was 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 purchased 75,000 shares of PBF Energy stock. The stock was bought 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 purchased 287,100 shares of PBF Energy stock. The stock was bought 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 purchased 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 purchased 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 acquired 40,000 shares of PBF Energy stock. The stock was bought at an average cost of $30.93 per share, for a total transaction of $1,237,200.00.
On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The stock was bought at an average cost 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 stock was bought at an average cost of $31.78 per share, for a total transaction of $7,945,000.00.
On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.29 per share, for a total transaction of $20,964,300.00.
On Thursday, September 5th, Control Empresarial De Capital purchased 805,300 shares of PBF Energy stock. The shares were acquired at an average cost of $32.62 per share, for a total transaction of $26,268,886.00.

PBF Energy Price Performance

Shares of PBF Energy stock traded up $0.49 during midday trading on Tuesday, hitting $28.84. 2,363,453 shares of the company traded hands, compared to its average volume of 2,178,397. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of -11.14 and a beta of 1.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The firm’s fifty day moving average price is $31.98 and its 200-day moving average price is $39.86. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF – Get Free Report) last announced its quarterly 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 company had revenue of $8.38 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $6.61 earnings per share. As a group, sell-side analysts forecast that PBF Energy Inc. will post -2.32 earnings per share for the current year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.81%. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 13th. PBF Energy’s payout ratio is presently -42.47%.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of PBF Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. TD Cowen lowered their price target on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Mizuho decreased their target price on shares of PBF Energy from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target of $34.18.

View Our Latest Research Report on PBF

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently added to or reduced their stakes in PBF. National Bank of Canada FI acquired a new position in shares of PBF Energy in the 2nd quarter worth approximately $26,000. CWM LLC lifted its position in shares of PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 569 shares during the period. Headlands Technologies LLC acquired a new position in shares of PBF Energy in the 1st quarter worth approximately $82,000. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy in the 3rd quarter worth approximately $59,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of PBF Energy by 152.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,252 shares during the period. 96.29% of the stock is owned by institutional investors.

PBF Energy Company Profile

(Get Free Report)

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.