Control Empresarial De Capital Buys 102,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 102,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of $44.91 per share, with a total value of $4,580,820.00. Following the completion of the acquisition, the insider now directly owns 17,453,598 shares of the company’s stock, valued at $783,841,086.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 24th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital purchased 365,200 shares of PBF Energy stock. The stock was bought at an average cost of $43.84 per share, for a total transaction of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The shares were bought at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The stock was bought at an average cost of $44.13 per share, for a total transaction of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital bought 403,400 shares of PBF Energy stock. The shares were purchased at an average price of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital purchased 7,500 shares of PBF Energy stock. The stock was purchased at an average price of $45.65 per share, for a total transaction of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The shares were purchased at an average price of $46.19 per share, with a total value of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock. The shares were purchased at an average cost of $45.37 per share, with a total value of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital acquired 84,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.96 per share, for a total transaction of $3,776,640.00.

PBF Energy Trading Up 2.0 %

PBF stock opened at $46.02 on Friday. PBF Energy Inc. has a one year low of $39.18 and a one year high of $62.88. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 3.18 and a beta of 1.63. The company has a fifty day moving average price of $48.65 and a two-hundred day moving average price of $49.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. The company had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Equities analysts anticipate that PBF Energy Inc. will post 5.26 EPS for the current year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, May 15th. PBF Energy’s dividend payout ratio is presently 6.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PBF shares. Scotiabank lifted their price target on shares of PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Mizuho reduced their price target on PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Wells Fargo & Company decreased their price target on PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $74.00 in a research note on Friday, March 15th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PBF Energy currently has an average rating of “Hold” and an average price target of $55.82.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently made changes to their positions in PBF. EverSource Wealth Advisors LLC increased its position in PBF Energy by 152.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 1,252 shares during the period. Boston Partners bought a new position in PBF Energy in the 1st quarter valued at about $1,393,000. Invst LLC acquired a new position in shares of PBF Energy in the 1st quarter valued at approximately $913,000. EMC Capital Management bought a new stake in shares of PBF Energy during the 1st quarter worth approximately $652,000. Finally, Comerica Bank boosted its position in shares of PBF Energy by 13.9% during the 1st quarter. Comerica Bank now owns 50,951 shares of the oil and gas company’s stock worth $2,933,000 after acquiring an additional 6,219 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

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.