PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 287,100 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 287,100 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average cost of $31.91 per share, for a total transaction of $9,161,361.00. Following the completion of the transaction, the insider now directly owns 24,751,498 shares in the company, valued at $789,820,301.18. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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

• 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 bought 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 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 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 bought 250,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.78 per share, for a total transaction of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital bought 670,000 shares of PBF Energy stock. The shares were acquired 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 purchased 805,300 shares of PBF Energy stock. The stock was bought 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 stock was bought at an average cost 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 bought at an average cost of $35.60 per share, for a total transaction 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, for a total transaction of $12,040,540.00.

PBF Energy Stock Up 1.0 %

PBF stock opened at $32.17 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 5.35 and a beta of 1.55. 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 firm’s 50 day moving average price is $32.69 and its 200-day moving average price is $41.52. PBF Energy Inc. has a one year low of $30.17 and a one year high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings results 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). The firm had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. On average, equities research analysts anticipate that PBF Energy Inc. will post -2.27 EPS for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s payout ratio is presently 16.64%.

Institutional Trading of PBF Energy

Several institutional investors have recently added to or reduced their stakes in PBF. GAMMA Investing LLC increased its holdings in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares during the last quarter. National Bank of Canada FI acquired a new stake in PBF Energy in the 2nd quarter valued at approximately $26,000. CWM LLC increased its holdings in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 569 shares during the last quarter. Blue Trust Inc. increased its holdings in PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,027 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in PBF Energy in the 1st quarter valued at approximately $82,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PBF shares. Wells Fargo & Company decreased their price target on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of 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. JPMorgan Chase & Co. lowered shares of PBF Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $40.00 in a research note on Wednesday, October 2nd. Mizuho decreased their target price on shares of PBF Energy from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Wolfe Research initiated coverage on shares of PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.09.

PBF Energy Company Profile

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.