Control Empresarial De Capital Buys 409,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 409,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00. Following the transaction, the insider now owns 27,368,498 shares in the company, valued at approximately $864,297,166.84. This represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.28 per share, with a total value of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital acquired 85,000 shares of PBF Energy stock. The stock was acquired at an average cost of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were acquired 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 purchased 300,000 shares of PBF Energy stock. The stock was bought 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 bought 75,000 shares of PBF Energy stock. The stock was bought 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 purchased 287,100 shares of PBF Energy stock. The shares were 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 acquired 1,000,000 shares of PBF Energy stock. The stock was purchased 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 stock was purchased at an average price of $30.85 per share, for a total transaction of $1,696,750.00.

PBF Energy Trading Down 2.5 %

Shares of PBF stock opened at $31.88 on Wednesday. The company has a 50-day moving average of $31.46 and a two-hundred day moving average of $36.87. The firm has a market cap of $3.67 billion, a PE ratio of -12.31 and a beta of 1.57. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business posted $6.61 EPS. The firm’s revenue for the quarter was down 21.9% on a year-over-year basis. On average, analysts predict that PBF Energy Inc. will post -2.86 EPS for the current year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.275 dividend. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Wednesday, November 13th. PBF Energy’s payout ratio is currently -42.47%.

Institutional Trading of PBF Energy

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC purchased a new stake in PBF Energy during the 3rd quarter worth approximately $1,642,000. Neo Ivy Capital Management purchased a new stake in shares of PBF Energy during the third quarter worth $2,404,000. Vestcor Inc raised its stake in shares of PBF Energy by 1,513.2% in the third quarter. Vestcor Inc now owns 14,712 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 13,800 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in PBF Energy by 108.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 43,902 shares of the oil and gas company’s stock valued at $1,359,000 after purchasing an additional 22,852 shares during the period. Finally, XTX Topco Ltd acquired a new position in PBF Energy during the 3rd quarter worth $1,415,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PBF. TD Cowen decreased their price objective on PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Tudor, Pickering, Holt & Co. lowered PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.18.

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.