PBF Energy Inc. (NYSE:PBF) Insider Purchases $3,128,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $31.28 per share, for a total transaction of $3,128,000.00. Following the purchase, the insider now owns 26,532,498 shares of the company’s stock, valued at approximately $829,936,537.44. The trade was a 0.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The shares were bought 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 purchased 150,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.01 per share, with a total value of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The stock was acquired 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 stock was purchased at an average cost of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The stock was bought 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 shares were acquired at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were 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 bought 265,000 shares of PBF Energy stock. The shares were 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 cost of $31.78 per share, with a total value of $7,945,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded up $0.52 during trading on Thursday, reaching $32.15. 1,719,155 shares of the company traded hands, compared to its average volume of 2,180,661. PBF Energy Inc. has a 12-month low of $27.94 and a 12-month high of $62.88. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.70 billion, a P/E ratio of -12.20 and a beta of 1.56. The firm’s fifty day simple moving average is $31.57 and its 200 day simple moving average is $38.08.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business 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 firm’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.61 earnings per share. As a group, research analysts anticipate that PBF Energy Inc. will post -2.79 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.42%. PBF Energy’s payout ratio is presently -42.47%.

Analysts Set New Price Targets

Several analysts recently commented on PBF shares. BMO Capital Markets downgraded shares of PBF Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $42.00 to $35.00 in a research report on Friday, October 4th. TD Cowen reduced their price target on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Piper Sandler lowered 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. Bank of America initiated coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective on the stock. Finally, Scotiabank dropped their price target on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.18.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of PBF Energy in the 2nd quarter valued at $26,000. CWM LLC raised its stake in PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares in the last quarter. Quarry LP purchased a new stake in shares of PBF Energy in the 3rd quarter valued at about $48,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC grew its position in PBF Energy by 152.9% during 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 last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.