PBF Energy Inc. (NYSE:PBF) Insider Purchases $1,806,900.00 in Stock

Posted by Shelly Janes on Nov 28th, 2024

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital purchased 57,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00. Following the transaction, the insider now directly owns 26,739,498 shares of the company’s stock, valued at $847,642,086.60. This trade represents a 0.21 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was bought 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 purchased 85,000 shares of PBF Energy stock. The shares were bought at an average price of $28.37 per share, with a total value of $2,411,450.00.
On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were purchased at an average cost of $28.66 per share, for a total transaction of $4,299,000.00.
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 shares were purchased at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
On Wednesday, October 23rd, Control Empresarial De Capital acquired 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 bought 1,000,000 shares of PBF Energy stock. The shares were 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 price of $30.85 per share, with a total value of $1,696,750.00.
On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were acquired 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 acquired 265,000 shares of PBF Energy stock. The stock was bought at an average price of $31.87 per share, with a total value of $8,445,550.00.

PBF Energy Trading Down 0.6 %

NYSE:PBF opened at $31.39 on Thursday. PBF Energy Inc. has a 52 week low of $27.94 and a 52 week high of $62.88. The firm has a 50-day moving average price of $31.49 and a two-hundred day moving average price of $37.44. 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 has a market cap of $3.61 billion, a price-to-earnings ratio of -12.12 and a beta of 1.56.

PBF Energy (NYSE:PBF – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the business posted $6.61 earnings per share. The business’s revenue was down 21.9% compared to the same quarter last year. On average, equities analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.275 dividend. 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 3.50%. The ex-dividend date was Wednesday, November 13th. PBF Energy’s payout ratio is -42.47%.

Hedge Funds Weigh In On PBF Energy

Institutional investors have recently added to or reduced their stakes in the stock. Leavell Investment Management Inc. boosted its stake in PBF Energy by 3.0% in the third quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 460 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in PBF Energy by 1.7% during the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock valued at $893,000 after purchasing an additional 485 shares during the period. Verdence Capital Advisors LLC grew its holdings in PBF Energy by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 543 shares during the period. Highland Capital Management LLC increased its position in PBF Energy by 14.2% in the second quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company’s stock worth $202,000 after buying an additional 546 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of PBF Energy in the second quarter valued at $26,000. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PBF shares. Bank of America began coverage on PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price target for the company. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Mizuho reduced their price objective on shares of PBF Energy from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Morgan Stanley lowered their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target of $34.18.

View Our Latest Report on PBF Energy

About PBF Energy

(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.