Control Empresarial De Capital Buys 100,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were acquired at an average price of $28.62 per share, with a total value of $2,862,000.00. Following the completion of the purchase, the insider now owns 28,984,998 shares of the company’s stock, valued at $829,550,642.76. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The shares were acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The stock was bought at an average price of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The shares were bought at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital bought 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 purchased 409,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.58 per share, for a total transaction 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 price of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The shares were purchased at an average cost of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.01 per share, with a total value of $8,703,000.00.

PBF Energy Trading Down 2.5 %

PBF opened at $30.53 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $29.16 and its 200 day moving average price is $32.98. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88.

PBF Energy (NYSE:PBF) last posted its 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). The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period last year, the company posted $6.61 earnings per share. Equities research analysts predict that PBF Energy Inc. will post -2.95 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.275 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.60%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Analysts Set New Price Targets

A number of research analysts recently commented on PBF shares. Scotiabank reduced their price target on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

Hedge Funds Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently modified their holdings of PBF. Fortitude Family Office LLC increased its holdings in shares of 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 worth $31,000 after acquiring an additional 1,056 shares during the period. Quarry LP bought a new position in PBF Energy in the 3rd quarter worth about $48,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $59,000. Blue Trust Inc. raised its holdings in shares of PBF Energy by 1,291.1% during the third 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of PBF Energy during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds 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.