PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 670,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $31.29 per share, with a total value of $20,964,300.00. Following the transaction, the insider now directly owns 22,527,398 shares in the company, valued at $704,882,283.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The stock was bought at an average price of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were purchased at an average price of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The stock was purchased at an average price of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The stock was purchased at an average price of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital purchased 140,000 shares of PBF Energy stock. The shares were acquired at an average cost of $45.73 per share, for a total transaction of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital acquired 102,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.91 per share, with a total value of $4,580,820.00.
• 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, for a total transaction of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital purchased 365,200 shares of PBF Energy stock. The stock was acquired at an average cost of $43.84 per share, with a total value 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 price of $43.65 per share, for a total transaction of $1,658,700.00.

PBF Energy Stock Up 3.5 %

Shares of PBF Energy stock opened at $32.60 on Friday. PBF Energy Inc. has a 12-month low of $30.61 and a 12-month high of $62.88. The firm has a market capitalization of $3.82 billion, a PE ratio of 2.26 and a beta of 1.56. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $36.51 and its 200-day moving average is $46.09.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. PBF Energy’s quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts anticipate that PBF Energy Inc. will post 1.62 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.07%. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Hedge Funds Weigh In On PBF Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of PBF Energy in the fourth quarter valued at $283,000. BNP Paribas Financial Markets raised its position in PBF Energy by 162.1% during the fourth quarter. BNP Paribas Financial Markets now owns 135,835 shares of the oil and gas company’s stock valued at $5,971,000 after buying an additional 84,003 shares during the period. Jump Financial LLC raised its position in PBF Energy by 57.0% during the fourth quarter. Jump Financial LLC now owns 25,565 shares of the oil and gas company’s stock valued at $1,124,000 after buying an additional 9,284 shares during the period. Principal Financial Group Inc. lifted its stake in PBF Energy by 2.1% in the 4th quarter. Principal Financial Group Inc. now owns 469,134 shares of the oil and gas company’s stock worth $20,623,000 after acquiring an additional 9,427 shares in the last quarter. Finally, Inceptionr LLC boosted its position in PBF Energy by 57.6% during the 4th quarter. Inceptionr LLC now owns 6,677 shares of the oil and gas company’s stock worth $294,000 after acquiring an additional 2,441 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on PBF. Wolfe Research started coverage on shares of PBF Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Piper Sandler dropped their target price on PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Scotiabank decreased their price target on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Mizuho lowered their price target on PBF Energy from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.30.

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.