PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 100,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $29.60 per share, with a total value of $2,960,000.00. Following the completion of the acquisition, the insider now owns 29,084,998 shares of the company’s stock, valued at $860,915,940.80. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was purchased at an average cost of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were bought at an average price of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was bought 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 purchased 195,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were 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 purchased 85,000 shares of PBF Energy stock. The shares were acquired 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 bought 150,000 shares of PBF Energy stock. The shares were bought at an average price of $28.66 per share, with a total value of $4,299,000.00.

PBF Energy Stock Performance

Shares of NYSE:PBF opened at $29.90 on Friday. PBF Energy Inc. has a twelve month low of $24.21 and a twelve month high of $62.88. The business has a fifty day moving average of $29.15 and a 200-day moving average of $32.44. 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 $3.44 billion, a PE ratio of -11.55 and a beta of 1.61.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (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 analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. PBF Energy’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.61 earnings per share. On average, equities research analysts predict that PBF Energy Inc. will post -3.5 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, November 13th. 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 yield of 3.68%. PBF Energy’s dividend payout ratio is presently -42.47%.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of PBF Energy during the 2nd quarter valued at $798,000. Sei Investments Co. boosted its holdings in PBF Energy by 27.0% during the second quarter. Sei Investments Co. now owns 101,593 shares of the oil and gas company’s stock worth $4,675,000 after buying an additional 21,574 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of PBF Energy during the 2nd quarter worth about $124,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PBF Energy in the 2nd quarter valued at about $275,000. Finally, AXA S.A. raised its position in shares of PBF Energy by 65.8% in the 2nd quarter. AXA S.A. now owns 23,378 shares of the oil and gas company’s stock valued at $1,076,000 after acquiring an additional 9,278 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PBF. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Wells Fargo & Company lowered PBF Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Bank of America assumed coverage on shares of PBF Energy in a report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price target on the stock. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Finally, StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

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.