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

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $29.60 per share, for a total transaction of $2,960,000.00. Following the transaction, the insider now owns 29,084,998 shares of the company’s stock, valued at approximately $860,915,940.80. This represents a 0.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were acquired at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The stock was acquired at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was bought at an average cost of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital acquired 195,000 shares of PBF Energy stock. The shares were bought 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 bought 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 purchased 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was purchased 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 bought 85,000 shares of PBF Energy stock. The stock was purchased at an average price 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 purchased at an average cost of $28.66 per share, with a total value of $4,299,000.00.

PBF Energy Stock Down 1.8 %

Shares of PBF opened at $29.90 on Friday. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -11.55 and a beta of 1.61. The company has a 50-day moving average price of $29.13 and a two-hundred day moving average price of $32.36. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS 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 period in the prior year, the firm earned $6.61 EPS. PBF Energy’s quarterly revenue was down 21.9% compared to the same quarter last year. Equities analysts predict that PBF Energy Inc. will post -3.5 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.68%. PBF Energy’s dividend payout ratio is presently -42.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets lowered PBF Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Bank of America began coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target for the company. Scotiabank lowered 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 note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their price target for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus price target of $32.00.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. increased its holdings in shares of PBF Energy by 3.0% during the third quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock worth $488,000 after buying an additional 460 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in PBF Energy by 1.7% during the 3rd 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 in the last quarter. Verdence Capital Advisors LLC raised its position in PBF Energy by 4.4% in the 3rd 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 last quarter. Farther Finance Advisors LLC boosted its stake in PBF Energy by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 573 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in PBF Energy by 28.2% in the fourth quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 585 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

About PBF Energy

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.