PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 341,500 Shares

Posted by Darlene League on Dec 21st, 2024

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital bought 341,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $26.86 per share, with a total value of $9,172,690.00. Following the purchase, the insider now directly owns 28,814,998 shares of the company’s stock, valued at approximately $773,970,846.28. This represents a 1.20 % 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, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.82 per share, with a total value of $9,246,000.00.
On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.58 per share, with a total value of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The stock was acquired 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 bought 100,000 shares of PBF Energy stock. The shares were bought at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The stock was 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 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 acquired 300,000 shares of PBF Energy stock. The stock was bought at an average cost of $29.01 per share, for a total transaction of $8,703,000.00.
On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The stock was 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 purchased 287,100 shares of PBF Energy stock. The stock was purchased at an average price of $31.91 per share, for a total transaction of $9,161,361.00.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $25.15 on Friday. 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 company has a market capitalization of $2.90 billion, a P/E ratio of -9.71 and a beta of 1.57. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The stock has a 50 day moving average of $30.63 and a 200-day moving average of $35.30.

PBF Energy (NYSE:PBF – Get Free Report) last released its quarterly earnings data 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). 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 return on equity of 2.84% and a negative net margin of 0.84%. 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 earned $6.61 earnings per share. As a group, equities research analysts predict that PBF Energy Inc. will post -2.87 EPS for the current 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 paid a $0.275 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a yield of 4.37%. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio is -42.47%.

Wall Street Analyst Weigh In

PBF has been the topic of a number of recent research reports. Tudor, Pickering, Holt & Co. lowered PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Scotiabank cut their price objective on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley decreased 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 report on Monday, September 16th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group decreased their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.45.

Get Our Latest Research Report on PBF

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently bought and sold shares of the stock. Spirit of America Management Corp NY lifted its holdings in PBF Energy by 25.1% during the 2nd quarter. Spirit of America Management Corp NY now owns 59,750 shares of the oil and gas company’s stock worth $2,750,000 after purchasing an additional 12,000 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of 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 valued at $202,000 after acquiring an additional 546 shares during the period. Bailard Inc. acquired a new position in shares of PBF Energy in the second quarter valued at about $207,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PBF Energy by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,662 shares of the oil and gas company’s stock worth $1,135,000 after acquiring an additional 2,638 shares during the period. Finally, Center For Asset Management LLC raised its stake in PBF Energy by 96.3% in the 2nd quarter. Center For Asset Management LLC now owns 12,030 shares of the oil and gas company’s stock worth $554,000 after purchasing an additional 5,903 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.