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

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 46,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average price of $29.70 per share, with a total value of $1,366,200.00. Following the completion of the purchase, the insider now owns 29,190,998 shares of the company’s stock, valued at $866,972,640.60. This trade represents a 0.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The shares were bought 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 bought 341,500 shares of PBF Energy stock. The stock was 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 purchased 300,000 shares of PBF Energy stock. The stock was acquired 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 acquired 195,000 shares of PBF Energy stock. The stock was bought at an average price of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital acquired 409,000 shares of PBF Energy stock. The shares were 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 purchased at an average price of $31.70 per share, with a total value of $1,806,900.00.

PBF Energy Trading Down 2.3 %

Shares of PBF stock opened at $29.67 on Thursday. 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 firm has a market cap of $3.42 billion, a P/E ratio of -11.45 and a beta of 1.60. The company has a 50 day moving average of $28.84 and a 200-day moving average of $31.73. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PBF. JPMorgan Chase & Co. dropped their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Bank of America started coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target on the stock. Scotiabank lowered their price objective on shares of 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. Wells Fargo & Company lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.

Institutional Trading of PBF Energy

A number of large investors have recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in shares of PBF Energy by 968.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 1,056 shares during the period. Quarry LP bought a new position in PBF Energy during the third quarter worth about $48,000. Harbor Capital Advisors Inc. purchased a new position in shares of PBF Energy in the third quarter worth about $59,000. Golden State Wealth Management LLC bought a new stake in shares of PBF Energy in the fourth quarter valued at approximately $61,000. Finally, Blue Trust Inc. lifted its stake 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 valued at $68,000 after buying an additional 2,027 shares in the last quarter. 96.29% of the stock is 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.