Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 40,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 40,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the acquisition, the insider now directly owns 29,355,998 shares of the company’s stock, valued at $806,409,265.06. This trade represents a 0.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The stock was purchased 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 purchased 100,000 shares of PBF Energy stock. The stock was bought 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 stock was bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The shares were bought at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The stock was purchased at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were acquired at an average cost of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The shares were bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00.

PBF Energy Stock Down 2.3 %

Shares of NYSE PBF traded down $0.68 during mid-day trading on Wednesday, hitting $29.67. The company had a trading volume of 1,825,460 shares, compared to its average volume of 2,105,359. The company has a market capitalization of $3.42 billion, a PE ratio of -11.45 and a beta of 1.60. The business’s 50-day simple moving average is $28.84 and its 200 day simple moving average is $31.73. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company downgraded 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. TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. Finally, Scotiabank cut 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. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, PBF Energy currently has an average 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 made changes to their positions in PBF. Creative Planning lifted its stake in PBF Energy by 7.0% in the second quarter. Creative Planning now owns 17,895 shares of the oil and gas company’s stock worth $824,000 after acquiring an additional 1,165 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of PBF Energy during the second quarter worth $1,176,000. Wedge Capital Management L L P NC increased its holdings in PBF Energy by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 33,551 shares of the oil and gas company’s stock valued at $1,038,000 after buying an additional 3,083 shares during the last quarter. Bfsg LLC raised its stake in PBF Energy by 23.5% in the third quarter. Bfsg LLC now owns 7,120 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 1,354 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in PBF Energy by 48.3% during the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the oil and gas company’s stock worth $266,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About PBF Energy

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.