PBF Energy Inc. (NYSE:PBF) Insider Buys $1,366,200.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 46,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $29.70 per share, for a total transaction of $1,366,200.00. Following the purchase, the insider now directly owns 29,190,998 shares of the company’s stock, valued at approximately $866,972,640.60. The trade was a 0.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were 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 purchased 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 purchased at an average cost 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 shares were purchased 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 purchased 195,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The stock was bought at an average cost 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 stock was bought at an average cost 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 bought at an average cost of $31.28 per share, with a total value of $3,128,000.00.

PBF Energy Stock Up 9.4 %

Shares of NYSE:PBF opened at $30.32 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $28.86 and a two-hundred day moving average of $31.79. The stock has a market cap of $3.49 billion, a P/E ratio of -11.71 and a beta of 1.60. PBF Energy Inc. has a 52-week low of $24.21 and a 52-week high of $62.88.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. Scotiabank reduced their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group reduced their target price on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and reduced their target price for the stock from $27.00 to $20.00 in a research note on Friday, December 20th. Finally, StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and an average target price of $32.00.

Institutional Trading of PBF Energy

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its holdings in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,056 shares in the last quarter. Quarry LP purchased a new stake in PBF Energy in the 3rd quarter valued at $48,000. Harbor Capital Advisors Inc. purchased a new position in shares of PBF Energy during the 3rd quarter worth $59,000. Blue Trust Inc. grew its holdings in shares of PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,027 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of PBF Energy during the 4th quarter worth $61,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.